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U.S. concern grows over possible Venezuela meltdown -officials

WASHINGTON, May 13 (Reuters) - The United States is
increasingly concerned about the potential for an economic and
political meltdown in Venezuela, spurred by fears of a debt
default, growing street protests and deterioration of its vital
oil sector, U.S. intelligence officials said on Friday.

UPDATE 1-Citgo reaches deal to lease and restart idled Aruba refinery

ORANJESTAD, May 13 (Reuters) - The Citgo Petroleum refining
unit of Venezuela's state oil company Petroleos de Venezuela SA
has reached a deal to lease and restart an idled
235,000-barrel-per-day refinery in Aruba, the government of the
Caribbean island said on Friday.

Platts Crude Oil Summit: Debunking the myths

Following the Platts Global Crude Oil Summit in London, Paul Hickin debunks some oil market myths with an affectionate nod to Monty Python.

Report says hydropower can provide India sustainable energy security

A report released this month by PricewaterhouseCoopers (PwC) indicates hydropower development in India can play a crucial role in the country’s sustainable energy security if sites for new installed capacity -- among other things -- are accessible, stable and affordable.
 

REFILE-UPDATE 5-Trump taps climate change skeptic as energy adviser, pushes back on taxes

WASHINGTON/NEW YORK, May 13 (Reuters) - Donald Trump on
Friday picked a prominent climate change skeptic to help him
craft his energy policy and pushed back against renewed calls
that he release his income tax returns - saying his tax rate is
"none of your business."

Key themes from the Q1 Platts Global Polyolefin Outlook

Platts analysts discuss the effects of the Middle East feedstock price changes at the end of 2015-early 2016 on the petrochemicals markets in 2016.

Florida Biomass Lawsuit Winds Down, Decision To Come

The legal battle between the operator of Gainesville's biomass plant and a local fuel supplier, which started last year, played out in a courtroom over the past two weeks during an eight-day trial that ended Thursday. With millions in potential damages on the line, both sides presented closing arguments Thursday afternoon and now must wait for Judge Monica Brasington to rule on the case.

UPDATE 3-Nigeria faces oil output slump as Exxon shuts flows

* Output could fall to lowest since 1970

(Updates bullet points, adds detail on explosion in Nigeria, no
comment from Chevron)

UPDATE 1-Speculators boost U.S. natgas net longs -CFTC

May 13 (Reuters) - U.S. natural gas speculators boosted net
long positions for the first week in three, betting prices will
rise as production eases and demand picks up, absorbing some of
the record amount of fuel left in inventories after a warm
winter.

LADWP Pursues Energy Storage with $150M Rate Increase

When electricity rates went up last month for 1.4 million customers of the Los Angeles Department of Water and Power customers, about $150 million of the rate increase was earmarked for a novel energy supply that officials hope will become more commonplace.

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