Energy Update

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After New York Sugar Week, the global sugar industry is bracing for yet another surplus. Brazil and India could show production increases, although changes in China and unfavorable weather could lend a more bullish note to markets.

JAKARTA, May 20 (Reuters) - As Indonesia prepares to ban domestic use of the dollar to build faith in its own currency, it might succeed in taking the greenback out of local hands, but much of the benefit of the reform will be lost as local heads still calculate in dollars.

BUENOS AIRES, May 19 (Reuters) - Labor disputes are on the rise in Argentina and costing foreign energy companies millions of dollars as they explore the country's vast but barely-tapped Vaca Muerta shale oil and gas field, company officials said.

HOUSTON, May 19 (Reuters) - Marathon Petroleum Corp said on Tuesday it was disappointed by the rejection of a contract offer by striking workers at the company's Galveston Bay Refinery in Texas City, Texas.

BRASILIA- CHINA'S LI SAYS FINANCIAL COOPERATION WILL HELP STABILIZE FINANCIAL MARKETS IN CHINA AND BRAZIL AND EMERGING MARKET NATIONS

BRASILIA, May 19 (Reuters) - Brazilian President Dilma Rousseff on Tuesday announced over $53 billion in trade, finance and investment deals with China aimed at help Brazil upgrade its infrastructure and boost a slumping economy.

LONDON, May 19 (Reuters) - Royal Dutch Shell will press on with a campaign to explore the Arctic for oil this summer despite protests in the port city of Seattle, chief executive officer Ben van Beurden said on Tuesday.

May 19 (Reuters) - Duke Energy Corp, the largest U.S. power company by generation capacity, said it would invest $1.1 billion to retire a coal-powered power plant in North Carolina and build a natural gas plant at the site over four to five years.

NICE, May 19 (Reuters) - Ukraine's biggest power producer and major coal miner DTEK will become a coal importer due to difficulties in the domestic mining industry, an executive from the company said on Tuesday.

JUBA, May 19 (Reuters) - South Sudanese rebels said on Tuesday they had captured a refinery near a major oilfield in Upper Nile State, where fighting has flared up in recent days, and told firms there to shut down operations and evacuate their staff.

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