Energy Update

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LONDON/BONN, June 2 (Reuters) - A global carbon emissions pricing system pushed by top energy companies is unlikely to be a big part of any United Nations' deal to curb global warming, some experts say, because many countries have little faith in such cross-border initiatives.

WASHINGTON, June 2 (Reuters) - U.S. Representative Fred Upton, the Republican chairman of the House of Representatives' energy panel, on Tuesday said he favors lifting the 40-year-old U.S.

WASHINGTON, June 2 (Reuters) - New orders for U.S. factory goods unexpectedly fell in April as demand for transportation equipment and a range of other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector.

CHICAGO, June 2 (Reuters) - Expansion in the U.S.

VIENNA, June 2 (Reuters) - Angola's oil minister said on Tuesday that $80 per barrel may be right for crude, joining a chorus of OPEC officials and delegates hoping for a further price recovery in months to come despite a global glut.

PARIS, June 2 (Reuters) - PeruPetro is in dispute with Anglo-Dutch oil firm Shell over royalties related to the export of seven Peruvian liquefied natural gas (LNG) cargoes last year, the regulator said, adding it hoped to reach a deal soon or would resort to arbitration.

VIENNA, June 2 (Reuters) - Saudi Oil Minister Ali al-Naimi is counting on oil traders to keep sitting on near-record volumes of stockpiled crude to prevent a second relapse in oil prices later this year.

VIENNA, June 2 (Reuters) - Venezuela's oil minister Asdrubal Chavez said on Tuesday that the best way towards achieving stabilisation in the oil market is through agreement and active cooperation among all exporters.

MOSCOW, June 2 (Reuters) - British oil major BP is considering possible new projects in Russia, including with Russian state-owned oil company Rosneft, RIA news agency quoted BP CEO Bob Dudley as saying on Tuesday.

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