Energy Update

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RIO DE JANEIRO, March 26 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA on Thursday named Luciano Coutinho, the head of Brazil's state development bank BNDES, as its new chairman.

* Chinese companies snap up $391 bln of foreign assets in decade

SINGAPORE/BEIJING, March 27 (Reuters) - China is reducing coal use for power generation faster than expected as the use of cleaner-burning fuels and slowing economic growth drags thermal utilisation rates to a potential record low, implying imports and prices will fall further.

The US natural gas markets are transitioning to spring, and now the industry is wondering where the big demand drivers will be as the weather warms.

On March 28, Africa’s biggest economy and the continent’s largest oil producer will go to the polls to elect its new president. Eklavya Gupta explains what it could mean for the oil industry.

BOGOTA, March 26 (Reuters) - Gone were the party balloons emblazoned with Ecopetrol's logo at the shareholder meeting of Colombia's state oil company on Thursday. The usual keychains, posh puzzles, glossy books and toy iguana mascot gifts were also conspicuous by their absence.

SKHIRAT, Morocco, March 26 (Reuters) - Libya's warring factions need more time to agree on a unity government to end growing conflict and chaos in the oil producer, a U.N.

OTTAWA, March 26 (Reuters) - Canada's Conservative government has given the energy regulator about a year to deliver up-to-date guidelines for pipeline companies to improve safety and protect the environment.

LONDON, March 26 (Reuters) - Investors took refuge in German bonds on Thursday after Saudi Arabia launched air strikes in Yemen but analysts said a further fall in yields was capped by the prospect of an inflation-boosting oil price rise.

DUBAI, March 26 (Reuters) - Top oil exporter Saudi Arabia and Gulf OPEC ally Kuwait will beef up security around their oil facilities, they said on Thursday, after they and other Arab allies began a military operation in Yemen.

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