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UPDATE 2-World oil price assessor Jorge Montepeque leaves Platts

SINGAPORE, May 6 (Reuters) - Jorge Montepeque, inventor of the modern system of setting world oil prices, is leaving reporting agency Platts after three decades of tussles with oil traders and attention from regulators.

OPEC unlikely to cut in June without non-OPEC as oil rebounds -Gulf delegate

RIYADH, May 6 (Reuters) - The jump in oil prices has been supported by stronger-than-expected demand growth and a slowdown in crude supply, and is likely to continue into the second half of this year, a senior Gulf OPEC delegate said on Wednesday.

UPDATE 2-Germany's Merkel to discuss Ukraine with Putin in Moscow

MOSCOW, May 6 (Reuters) - Russian President Vladimir Putin and German Chancellor Angela Merkel will discuss the crisis in Ukraine at talks in Moscow on Sunday, a Kremlin aide said on Wednesday.

COLUMN-US refineries run hard to absorb crude glut: Kemp

LONDON, May 6 (Reuters) - U.S. refineries are running at near-record levels to turn the glut of crude into gasoline and other refined fuels ahead of the summer driving season.

UPDATE 1-U.S. crude oil inventories drop for first time since Jan - EIA

NEW YORK, May 6 (Reuters) - U.S. crude oil stockpiles fell last week for the first time since the week ending Jan.

Ancient Greek Energy Storage Technology Challenges Tesla's Batteries

A technology used in ancient Greece to power clocks and fire a cannon is undergoing a revival as the world searches for better ways to store energy from wind turbines and solar panels.

REUTERS BUSINESS NEWS SCHEDULE AT 1500 GMT/11 AM ET

WASHINGTON - U.S. private employers in April added the fewest number of workers in more than a year, which could heighten worries about the economy's potential to rebound strongly from a first-quarter slump. (USA-ECONOMY/(WRAPUP 2), expect by 1600 GMT/noon ET, 512 words)

Carbon Market Overhaul Closer After EU Lawmakers Approve Plan

European Union negotiators are endorsing an accelerated overhaul of the bloc’s carbon market after the price of emission rights fell to levels that fail to deter polluters.

UPDATE 1-Crisis for Areva's La Hague plant as clients shun nuclear

* Areva hopes to win new customers in South Korea (Adds background on reprocessing in other countries)

Mozambique opposition warns of instability after autonomy bill blocked

MAPUTO, May 6 (Reuters) - Mozambique's main opposition party has warned of a growing risk of instability in the energy-rich nation after parliament rejected a bill that would have given it autonomous powers in regions where it has strong support.

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