Energy Update

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* Shares down as much as 3 pct

(Adds CEO, CFO comments, analyst reaction, share price)

* Russian oil output down to 11.11 mln bpd in January
* Pipeline oil exports up to 4.409 mln bpd last month
* Russia pledged to cut oil output by 300,000 bpd by H1-end
* All Russian majors cut oil output in January

* Cashflow up by 69 percent in fourth quarter

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* Aims for ROTE of between 9-11 pct in 2018

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LONDON, Feb 2 (Reuters) - Glencore stuck with its
target for broadly higher output in 2017 on Thursday after
reporting falls in copper and zinc which led overall production
lower last year.

LONDON, Feb 2 (Reuters) - Mining and trading group
Glencore's full-year output was in line with target, it
said on Thursday, and reiterated its 2017 guidance.

LONDON, Feb 2 (Reuters) - Royal Dutch Shell,
Europe's largest oil major, missed analysts' profit expectations
for the fourth quarter after booking $500 million of
impairments.

* Better interest income offset higher loan losses

(Adds details, CEO quote)

DHAKA, Feb 2 (Reuters) - A protest against a $2.4-billion
Chinese-backed power plant in Bangladesh turned violent, killing
one person and injuring about a dozen, risking delay to a
project seen as a symbol of warming ties between the two
nations.

* Comes as coking coal prices remain way above lows from
last year

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