Energy Update
LONDON, May 5 (Reuters) - Britain's top share index ended lower on Tuesday tracking sharp losses in the U.S. market, with HSBC leading the banking sector down after saying a bank levy was hampering its ability to pay a higher dividend.
RIYADH, May 5 (Reuters) - France is in talks to agree billions of euros worth of contracts in Saudi Arabia that could be completed quickly, ranging from defence to civil aviation, transport and energy, the French government said on Tuesday.
LONDON, May 5 (Reuters) - U.S. gasoline demand is running around 300,000 barrels per day above last year's level, as lower pump prices and continued economic expansion encourage motorists to use their cars more.
(Adds analysts) LONDON, May 5 (Reuters) - Saudi Arabia kept June prices for its benchmark Arab Light crude unchanged for Asian buyers, looking to defend market share amid stiff competition, while raising prices for Europe to reflect a price rally in rival grades in recent weeks.
LONDON/DUBAI, May 5 (Reuters) - OPEC countries are set to maintain current production levels at a meeting next month, three delegates said, as Gulf states continue to focus on market share and a rally in crude prices mutes calls from other members for supply cuts.
MOSCOW, May 5 (Reuters) - The head of Russia's Rosneft earns at least 15-20 million roubles ($295,000-$390,000) a month, the oil company said on Tuesday, disclosing Igor Sechin's basic salary after President Vladimir Putin encouraged greater wage transparency.
This week, the US Supreme Court agreed to review a ruling by a lower court holding that FERC, the Federal Energy Regulatory Commission, has no jurisdiction to regulate demand response markets run by ISOs and RTOs. Based in large part on FERC order 745, these markets currently support investments in distributed energy resources and energy efficiency
LONDON, May 5 (Reuters) - BG Chief Executive Helge Lund on Tuesday welcomed with "mixed emotions" Royal Dutch Shell's $70 billion takeover bid, which came only two months after he took office.
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