Energy Update
May 5 (Reuters) - Russia has been notoriously brazen in using state-owned companies as instruments of national power. President Vladimir Putin's natural-gas wars with Belarus and Ukraine made headlines and sometimes left substantial parts of Europe in the cold. But Moscow's exploits in other energy-related areas have been less noticed.
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.
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