Energy Update

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(Mon, 23 Mar 2015) After increasing for 15 consecutive weeks, crude oil storage at Cushing, Oklahoma, reached 54.4 million barrels on March 13, according to EIA's Weekly Petroleum Status Report. This volume is the highest on record, but not the highest percent of storage utilization, as working storage capacity at Cushing has also increased over time.

(Mon, 23 Mar 2015) The Electric Power Annual presents 11 years (2003 - 2013) of national-level data on electricity generating capacity, electricity generation and useful thermal output, fuel receipts, consumption, and emissions.

* Follows gains last week (Adds analysis, quotes, stocks on the move)

* Pirelli truck unit to be merged with ChemChina's AEOLUS (Adds statement)

UNITED NATIONS, March 22 (Reuters) - The United Nations warned on Sunday that Yemen's conflict could become an "Iraq-Libya-Syria" scenario if either side pushes for control of the country, prompting the U.N. Security Council to threaten further measures if the hostilities do not end.

* U.N. mediator warns of "Iraq-Libya-Syria" scenario (Adds U.N. mediator, Security Council meeting, paragraphs 9-11)

NEW YORK, March 22 (Reuters) - The average price of regular grade gasoline fell 4 cents in the past two weeks, bringing it to $2.50 per gallon, according to the Lundberg survey released on Sunday.

SKHIRAT, Morocco, March 22 (Reuters) - Libyan peace talks in Morocco between two rival governments, expected to end on Sunday, will be extended for two more days despite clashes on the ground.

UNITED NATIONS, March 22 (Reuters) - The United Nations Security Council will on Sunday condemn the takeover of much of Yemen and its institutions by the Shi'ite Muslim Houthi militia and warn of "further measures" if hostilities do not end, diplomats said.

RIYADH, March 22 (Reuters) - Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday it would be hard for oil to reach $100-$120 per barrel - the peaks it hit last year before falling sharply due to a glut of crude and weakening demand.

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