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EU extends sanctions on Russia, launches Libya mission

LUXEMBOURG, June 22 (Reuters) - European Union foreign ministers extended economic sanctions on Russia over its involvement in Ukraine by six months until the end of January 2016, an EU official said.

UPDATE 1-ETE confirms $48 bln bid for reluctant Williams Co

June 22 (Reuters) - Energy Transfer Equity LP confirmed it had made a $48 billion unsolicited bid for natural gas pipeline company Williams Companies Inc, hours after Williams rejected the offer as significantly too low.

COLUMN-Australian coking coal miners get boost from low prices, China deal: Russell

--Clyde Russell is a Reuters columnist.

Heat wave kills more than 120 in Pakistan's Karachi

KARACHI, June 22 (Reuters) - An intense heat wave killed more than 120 people over the weekend in Pakistan's southern city of Karachi, officials said on Monday, as the electricity grid crashed during the first days of the Muslim holy month of Ramadan.

US corn belt senators accuse Government of setting biofuels mandate too low

The US Renewable Fuel Standard’s inevitable day in court got a preview airing the week ending June 19th, as Corn Belt senators accused the Obama administration of illegally setting the 2014, 2015 and 2016 volumes below statutory levels.

U.S. crude oil production growth helps Gulf Coast imports

(Mon, 22 Jun 2015) In recent years, higher domestic production of light, tight crude oil has led to a reduction in crude oil imports. Certain types of crude oil have been affected more than others; for example, the increased economic availability of domestic light, tight crude oil has virtually eliminated Gulf Coast imports of light crude oil.

Energy Transfer Equity confirms bid for Williams Co

June 22 (Reuters) - Energy Transfer Equity LP, a portfolio company that owns energy assets, said it has made an all-equity offer of $53.1 billion, including debt, to merge with Williams Companies Inc.

UPDATE 2-Williams Co rejects $48 bln unsolicited offer

June 21 (Reuters) - Natural gas pipeline company Williams Companies Inc said on Sunday it is exploring strategic options after it received an unsolicited takeover proposal for $64 per share or $48 billion.

Venezuela state-oil firm, Rosneft plan natural gas joint venture

CARACAS, June 21 (Reuters) - Venezuelan state oil company PDVSA said on Sunday it had signed a raft of investment agreements with top Russian oil producer Rosneft, including a plan to create a joint venture to produce natural gas in the South American country.

UPDATE 2-Nigeria's Buhari advised to end fuel subsidy - sources

ABUJA, June 21 (Reuters) - Nigeria's new president, Muhammadu Buhari, has been advised by his transition committee to end a fuel subsidy programme and privatise Nigeria's four refineries, senior sources in his party told Reuters on Sunday.

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