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UPDATE 1-Spain's Repsol first-quarter core profit jumps on currency effects

* Q1 op profit up 74 pct adjusted for inventory to 928 mln euros

Emirates airline 2014 net profit jumps 40 pct on lower oil price

DUBAI, May 7 (Reuters) - Emirates, Dubai's flagship airline, reported a 40 percent jump in annual net profit on Thursday, aided by savings from lower oil prices.

Argyle, Sinarmas arm offer to buy out coal miner ARMS

May 7 (Reuters) - Asia Coal Energy Ventures Ltd (ACE) and hedge fund Argyle Street Management Ltd offered to buy out the stake they do not already own in coal miner Asia Resource Minerals Plc for 41 pence per share.

UPDATE 2-Indonesian energy minister seeks to rejoin OPEC

* Indonesia left OPEC in 2008 after becoming net oil importer

Israeli defence firm Elbit shifts gears with electric buses

* Elbit seeks to adapt military tech to civilian applications

UPDATE 1-Siemens misses profit expectations, cuts more jobs

* Industrial profit down 5 pct to 1.7 bln eur vs poll avg 1.78 bln

UPDATE 2-Oil falls after hitting 2015 highs, markets still well supplied

* Prices hit 2015 highs after first U.S.

Implications of higher domestic crude production for U.S. refining

(Thu, 07 May 2015) In response to multiple requests over the past years, EIA is developing a series of analyses that address the implications of current limitations on crude oil exports for prices, including both world and domestic crude oil and petroleum product prices, and for the level of domestic crude oil production and refining activity.

UPDATE 4-Small town evacuated after oil train derails in North Dakota

WILLISTON, N.D./HOUSTON, May 6 (Reuters) - A BNSF train carrying crude oil owned by Hess Corp derailed and caught fire in North Dakota on Wednesday, forcing the evacuation of a nearby small town just days after the United States and Canada announced reforms to improve the safety of such shipments.

China's CNR, CSR kick off merger process with trading halt

SHANGHAI, May 7 (Reuters) - Chinese train makers China CNR Corp Ltd and CSR Corp Ltd halted trading of their shares on Thursday, the first step in a merger process expected to create the world's biggest rail conglomerate in terms of sales.

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