Energy Update

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SAN FRANCISCO, June 9 (Reuters) - Wholesale gasoline differentials in the Los Angeles market rebounded on Tuesday in thin trading as buyers took advantage of low prices, traders said.

LONDON, June 9 (Reuters) - Cost-cutting is set to remain the main focus for the oil industry for at least the next two years as petroleum producers adjust to an environment of much lower prices.

LONDON, June 10 (Reuters) - Eighty British businesses urged the government on Wednesday to take decisive action to fight climate change and build a low-carbon economy in a letter to Prime Minster David Cameron.

CALGARY, Alberta, June 9 (Reuters) - Weak oil prices will slash growth in Canada's prolific oil sands, cutting production and discouraging investment in the world's third-largest crude reserve, according to a new forecast from Canada's most influential oil industry lobby group.

SEATTLE, June 9 (Reuters) - Six older women were detained by Seattle police on Tuesday during a protest to block access to a Royal Dutch Shell drilling rig that activists believe may depart this week to resume fossil fuel exploration in the Arctic, authorities said.

MOSCOW, June 10 (Reuters) - President Vladimir Putin will be on the lookout for signs of dissent over European Union sanctions on Russia when he visits Italy on Wednesday, but he is likely to be disappointed.

NEW YORK, June 9 (Reuters) - An anticipated decline in domestic oil production will be slightly longer and deeper than expected, with annual output falling in 2016 for the first time in eight years, the U.S. government projected on Tuesday.

June 9 (Reuters) - Boomerang Tube LLC, a maker of pipes and tubes for oil and natural gas companies, filed for Chapter 11 bankruptcy protection on Tuesday, becoming the latest victim of the slide in oil prices.

CARACAS, June 9 (Reuters) - Venezuela on Tuesday demanded that neighboring Guyana halt oil exploration being carried out by Exxon Mobil Corp in disputed offshore territory in an escalation of a long-running border dispute between the two South American nations.

BRASILIA, June 9 (Reuters) - President Dilma Rousseff unveiled an effort to draw 198.4 billion reais ($64 billion) in private investment to build, upgrade and operate Brazilian roads, railways, airports and harbor terminals.

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