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UPDATE 2-Marathon lays off 46 employees at Galveston Bay Refinery

HOUSTON, May 24 (Reuters) - Marathon Petroleum Corp
on Tuesday laid off 46 salaried employees at the company's
Galveston Bay Refinery in Texas City, Texas, the company said.

UPDATE 1-Michigan governor issues state of energy emergency ahead of holiday weekend

NEW YORK, May 24 (Reuters) - Michigan Governor Rick Snyder
declared a state of energy emergency on Tuesday because of
ongoing problems with a major petroleum products pipeline
combined with an unexpected outage at Marathon Petroleum Corp's
Detroit refinery.

Oklahoma regulators raise concerns on quake insurance rate hikes

OKLAHOMA CITY, May 24 (Reuters) - Oklahoma regulators
grappling with a massive increase in small earthquakes in the
state linked to growing oil and gas production said on Tuesday
they were concerned with spiking rates for earthquake insurance
coverage and diminishing competition among insurers.

Trend Toward Energy Storage for Frequency Regulation in UK Will Continue, IHS Says

U.K. utility National Grid is turning to energy storage for frequency regulation — a trend that IHS says “will continue in the coming years.”

Foreign investors bought $1.3 bln of Russia Eurobond - source

MOSCOW, May 24 (Reuters) - Foreign investors bought around
$1.3 billion of the Eurobond that Russia placed on Tuesday, a
financial market source told Reuters.

UPDATE 2-Brazil's Temer seeks constitutional change to curb public spending

* Labor unions opposed to cuts in pension benefits

(Adds details from news conference, market reaction,
economist's comment)

RPT-Climate change takes center stage at Exxon, Chevron annual meetings

Report: Solar+Storage Could Eliminate Electric Bills for California’s Affordable Housing Properties

Under current utility rate tariffs in California, solar plus energy storage could all but eliminate electric bills for the owners of affordable housing properties, according to a new report.

UPDATE 4-French strike hits refinery output in labour reform showdown

* Govt says one in five fuel stations nationwide affected

(Writes thru, adds air traffic controllers strike, vox-pop,
Total comment)

Russia places $1.75 bln in Eurobonds at 4.75 pct - sources

MOSCOW, May 24 (Reuters) - Russia on Tuesday placed $1.75
billion in Eurobonds at a yield of 4.75 percent, three financial
market sources told Reuters.

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