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Largest US oil trade group sues to block Biden's EV push

UPDATE 2-Largest US oil trade group sues to block Biden's EV push Added EPA no comment, auto dealers joining suit in paragraphs 6-7 By Jarrett Renshaw June 13 (Reuters) - The nation's largest oil trade group, which includes Exxon Mobil XOM.N and Chevron CVX.N , filed a federal lawsuit on Thursday seeking to block the Biden administration's efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing.
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Caspian Pipeline Consortium's Jan-May oil exports up 2% y/y, sources say

Caspian Pipeline Consortium's Jan-May oil exports up 2% y/y, sources say MOSCOW, June 13 (Reuters) - Oil exports by the Caspian Pipeline Consortium (CPC), which supplies oil mainly from Kazakhstan via a Russian Black Sea terminal, in January-May rose by 2% from a year earlier, two sources familiar with the data told Reuters on Thursday. CPC's oil exports rose to 27.656 million metric tons (1.428 million barrels per day (bpd)) from 1.405 million bpd.
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Foreign credit card transactions add scarce dollars to Venezuela circulation

Foreign credit card transactions add scarce dollars to Venezuela circulation By Mayela Armas CARACAS, June 13 (Reuters) - Transactions paid with foreign credit cards are helping circulate more foreign currency in Venezuela, where the government has locked in an exchange rate as part of efforts to control double-digit inflation, four public sector and finance sources said.
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Singapore offers carbon tax rebates for refiners near term, sources say

EXCLUSIVE-Singapore offers carbon tax rebates for refiners near term, sources say By Trixie Yap and Chen Aizhu SINGAPORE, June 13 (Reuters) - Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere, four sources familiar with the matter said.
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Algeria’s Sonatrach signs agreement with Chevron to develop two gas basins, Sonatrach’s CEO says

Algeria’s Sonatrach signs agreement with Chevron to develop two gas basins, Sonatrach’s CEO says ALGIERS, June 13 (Reuters) - Algeria’s Sonatrach signed on Thursday a “heads of agreement” with Chevron CVX.N to develop two gas basins in Ahnet and Berkin, Sonatrach’s CEO Rachid Hachichi told reporters. Sonatrach aims to double its gas output to reach 200 billion cubic meters in the medium term to continue to be a key supplier to Europe.
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