Sunday, May 20, 2007

Asia Energy Day Ahead: Oil May Rise This Week; California Stops LNG Plan

(Bloomberg) -- Crude oil may rise this week as U.S.
refineries increase gasoline production in the runup to the
peak-demand summer season, which begins with the Memorial Day
weekend, May 26 to 28. California Governor Arnold Schwarzenegger
rejected BHP Billiton Ltd.'s natural gas-import facility
proposed for the coast of Southern California, saying it would
harm the environment.

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Read more at Bloomberg Energy News

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