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BUZZ-Australian resource sector continues to lack confidence - Quay Equities

Reuters - UK Focus

** Australian resource sector continues to lack confidence - investment advisory firm Quay Equities

** Says despite iron ore rising 1.4 pct overnight, there is lack of confidence in the sector

** Says miners continue to flood market with supply, doing nothing for restoring confidence in the sector

** Says downtrend in Australian energy sector continues with slumping oil price stocks

** Adds Woodside Petroleum Ltd's qtrly revenue slide has not helped spur confidence in the sector

** Iron ore miners Rio Tinto Ltd and Fortescue Metals Group Ltd down 0.2 pct and 1.1 pct, respectively

** Woodside Petroleum (Xetra: WOPA.DE - news) , Australia's biggest independent oil and gas company, falls as much as 1.7 pct (Reuters Messaging: shashwat.pradhan.thomsonreuters.com@reuters.net)