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COLUMN-Rising oil prices put U.S. driving recovery at risk: Kemp

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.

UPDATE 2-Saudi Arabia holds oil prices for Asia steady on good demand

(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.

OPEC policy rollover likely in June as oil rebounds -delegates

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.

UPDATE 1-BG chief welcomes $70 bln Shell offer with 'mixed emotions'

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.

UPDATE 1-Russia's Rosneft discloses Sechin's basic salary for first time

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.

UPDATE 1-Saudi suspends schools in Najran, Yemeni Houthi shells land near border

DUBAI, May 5 (Reuters) - Saudi Arabia suspended all schools on Tuesday in the southern Najran region, near the border with Yemen, state television reported, after shells fired by Yemeni Houthi fighters landed near the frontier.

Supreme Court to Decide on Demand Response

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

BG chief welcomes $70 bln Shell offer with 'mixed emotions'

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.

Saudi suspends schools in Najran, near Yemen border - Saudi state television

DUBAI, May 5 (Reuters) - Saudi Arabia has suspended all schools in the southern region of Najran, near the border with Yemen, state television reported on Tuesday, without giving a reason for the measure.

Yemen talks May 17 could bolster anti-Houthi alliance

ADEN, May 5 (Reuters) - Yemen's president has called a meeting of political forces on May 17 to discuss his country's war that will include former associates of a powerful ally of the Houthis, a move that could bolster the ranks of opponents of the Iranian-allied force.

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