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US steelmakers rummaging in the trade case toolbox for imports relief

It took four years, but we might now know what former Nucor CEO Dan DiMicco meant in 2012 when he said Nucor was "exploring some very new and unique ways" of combating unfairly traded steel imports.

Coast Guard Study Blockades Offshore Wind Energy

After five years of delay, the U.S. Coast Guard finally released a study that concludes commercial shipping off the Eastern Seaboard is incompatible with a proposed offshore wind energy industry — despite the fact that Europe has successfully integrated the two for more than a decade.

Bets emerge on hefty sterling rise if Britain votes to stay in EU

LONDON, May 6 (Reuters) - Emboldened by bookmakers' odds
that point strongly to Britons voting to stay in the European
Union, some speculators are betting the pound could soar as much
as 20 cents from current levels after next month's referendum.

UPDATE 2-Nigeria's Buhari signs delayed 2016 record budget into law

ABUJA, May 6 (Reuters) - Nigeria's President Muhammadu
Buhari signed the delayed 2016 budget into law on Friday, ending
weeks of wrangling with lawmakers and tripling capital
expenditure as Africa's biggest economy contends with its worst
crisis in years.

UPDATE 2-Early start to UK power supply scheme to cost 2-3 bln stg

* Govt says bills would be higher without the scheme

(Updates throughout, recasts with costs)

Nigeria's 2016 budget assumes oil output of 2.2 mln bpd at $38 per barrel

LAGOS, May 6 (Reuters) - Nigeria's 2016 budget assumes oil
production of 2.2 million barrels per day at 38 dollars a
barrel, the budget minister said on Friday, shortly after
President Muhammadu Buhari signed the delayed bill into law.

Nigeria's Buhari signs delayed 2016 budget into law

ABUJA, May 6 (Reuters) - Nigeria's President Muhammadu
Buhari signed the delayed 2016 budget into law on Friday, a
Reuters witness said, ending wrangling with lawmakers that had
lasted for weeks.

UPDATE 1-Britain brings forward electricity supply auction to avoid shortages

May 6 (Reuters) - Britain is bringing forward a scheme to
encourage power companies to supply electricity at peak times by
a year in a bid to avert a looming supply crunch and prevent
price spikes, the government said on Friday.

RPT-EXCLUSIVE-Shift in Saudi oil thinking deepens OPEC split

LONDON/DUBAI, May 5 (Reuters) - As OPEC officials gathered
this week to formulate a long-term strategy, few in the room
expected the discussions would end without a clash. But even the
most jaded delegates got more than they had bargained with.

Recent U.S. imports of oil tend to be heavier than domestic production

(Fri, 06 May 2016) In 2015, more than 70% of the crude oil produced in the Lower 48 states was light oil with an API gravity above 35 degrees. At the same time, 90% of imported crude oil was heavier, with a gravity below 35 degrees API. To accommodate increasing U.S. production of light crude oil, refineries have adjusted their imports by reducing imports of light crudes.

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