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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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Middle East Crude-Benchmarks retreat after rising for four straight days

Middle East Crude-Benchmarks retreat after rising for four straight days NEW DELHI, June 13 (Reuters) - Middle East crude benchmarks Oman, Dubai and Murban snapped their four-day winning streak on Thursday, with spot premiums for all three shrinking below $1 per barrel to Dubai quotes. Meanwhile, U.S. crude oil imports rose last week to their highest since 2018, the Energy Information Administration (EIA) said on Wednesday, as volumes from Mexico rebounded and the expanded Trans Mountain pipelin
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Largest US oil trade group to sue to block Biden's EV push

Largest US oil trade group to sue to block Biden's EV push By Jarrett Renshaw June 13 (Reuters) - The nation's largest oil trade group, which includes Exxon Mobil XOM.N and Chevron CVX.N , will file 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, the group said .
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Prices rise on LNG, storage concerns

CORRECTED-EUROPE GAS-Prices rise on LNG, storage concerns Corrects milestone in paragraph 1 June 13 (Reuters) - Dutch and British gas prices rose to their highest level since June 3 on Thursday morning, as the market remained cautious of outages impacting liquefied natural gas (LNG) facilities and the status of Europe's efforts to refill storages for next winter.
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Chevron Australia starts repair work on Wheatstone platform, says spokesperson

UPDATE 1-Chevron Australia starts repair work on Wheatstone platform, says spokesperson Adds background SINGAPORE, June 13 (Reuters) - Chevron CVX.N has commenced repair activities on its Wheatstone platform in Australia and the work is expected to be completed in the coming weeks, a spokesperson said on Thursday. "LNG (liquefied natural gas) and domestic gas production will resume following the safe completion of repair works," added the spokesperson.
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Chevron Australia starts repair work on Wheatstone platform, says spokesperson

Chevron Australia starts repair work on Wheatstone platform, says spokesperson SINGAPORE, June 13 (Reuters) - Chevron CVX.N has commenced repair activities on its Wheatstone platform and the work is expected to be completed in the coming weeks, a spokesperson said on Thursday. "LNG (liquefied natural gas) and domestic gas production will resume following the safe completion of repair works," added the spokesperson.
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Crude quality issues on TMX pipe may hamper flows from Canada to US West Coast refiners

UPDATE 1-Crude quality issues on TMX pipe may hamper flows from Canada to US West Coast refiners Adds comment from Trans Mountain executive on adding another crude pool to pipeline system in paragraphs 7-10 By Arathy Somasekhar and Nia Williams HOUSTON, June 12 (Reuters) - U.S. oil refiners and West Coast traders are flagging concerns about the quality of crude shipped on the newly completed Trans Mountain pipeline expansion (TMX), warning that high vapor pressure and acidity limits could deter
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US energy sector deals accelerate in quest for reserves

FACTBOX-US energy sector deals accelerate in quest for reserves Adds Matador's deal for EnCap-owned Ameredev; updates deal data in second paragraph June 12 (Reuters) - The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves.
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Matador Resources in $1.91 bln deal to expand in Delaware basin

UPDATE 3-Matador Resources in $1.91 bln deal to expand in Delaware basin Adds shares, comments from call and analyst in paragraphs 8-10 By Srivastava Vallari June 12 (Reuters) - Matador Resources MTDR.N said on Wednesday it would add oil and natural gas producing assets and undeveloped acreage in the Delaware basin in an about $1.91 billion cash deal for a unit of Ameredev II Parent.
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Crude quality issues on TMX pipe may hamper flows from Canada to US West Coast refiners

Crude quality issues on TMX pipe may hamper flows from Canada to US West Coast refiners By Arathy Somasekhar and Nia Williams HOUSTON, June 12 (Reuters) - U.S. oil refiners and West Coast traders are flagging concerns about the quality of crude shipped on the newly completed Trans Mountain pipeline expansion (TMX), warning that high vapor pressure and acidity limits could deter purchases of Canadian heavy barrels.
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Prices edge up on re-emerging supply concerns, Asia LNG demand

EUROPE GAS-Prices edge up on re-emerging supply concerns, Asia LNG demand LONDON, June 12 (Reuters) - Dutch and British gas prices edged up on Wednesday morning amid supply concerns due to outages at some liquefied natural gas (LNG) facilities and growing Asian demand pulling cargoes from Europe. The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 inched up by 0.90 euro to 35.18 euros per megawatt hour (MWh), or 10.99 USD/mmBtu, by 0849 GMT, according to LSEG data.
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Orsted to install Tesla battery for UK offshore wind farm

Orsted to install Tesla battery for UK offshore wind farm COPENHAGEN, June 12 (Reuters) - Renewable energy group Orsted ORSTED.CO will install a Tesla TSLA.O Megapack battery storage system linked to Britain's Hornsea 3 offshore wind farm, the Danish company said on Wednesday. Energy storage is becoming increasingly important as production of renewable energy rises, because the wind might not blow or the sun shine during the peak hours when most consumers turns on their lights and appliances.
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As Supreme Court decisions loom, a legal assault is weakening SEC's power

ANALYSIS-As Supreme Court decisions loom, a legal assault is weakening SEC's power Adds comment from MFA in paragraphs 19-20 By Chris Prentice and Michelle Price WASHINGTON, June 11 (Reuters) - A legal assault on the U.S. Securities and Exchange Commission is chipping away at its powers to oversee Wall Street and is likely to intensify with two imminent Supreme Court rulings.
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Chevron suspends Wheatstone gas production for repairs

UPDATE 1-Chevron suspends Wheatstone gas production for repairs Updates with more details, background June 11 (Reuters) - Chevron CVX.N has suspended production at its Wheatstone gas facility in Australia to complete repairs to the platform's fuel gas system, a company spokesperson said on Tuesday. Chevron began suspending operations at 11 p.m. (1500 GMT) on Monday.
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Chevron suspends Wheatstone gas output for repairs

Chevron suspends Wheatstone gas output for repairs June 11 (Reuters) - Chevron CVX.N has suspended production at its Wheatstone gas facility in Australia to complete repairs to the platform's fuel gas system, a company spokesperson said on Tuesday. "As the offshore platform provides gas to Wheatstone’s onshore facilities near Onslow, Western Australia, LNG and domestic gas production has been suspended," the spokesperson said.
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REUTERS NEWS SCHEDULE AT 10:00 a.m. GMT/6:00 a.m. ET

REUTERS NEWS SCHEDULE AT 10:00 a.m. GMT/6:00 a.m. ET Here are the top stories and upcoming coverage plans for Reuters text service as of 10:00 a.m. GMT/6:00 a.m. ET . For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES GLOBAL ISRAEL-PALESTINIANS/HAMAS-UN CEASEFIRE Hamas accepts UN ceasefire resolution, ready to negotiate over details, official says CAIRO, June 11 (Reuters) - Hamas accepts a UN Security Council ceasefire resolution and is ready to
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