Exclusive: How BP won its $1 billion-plus case against Venture Global https://t.co/ip3aRDXBPc

Shell signed a 10-year nat gas deal with Hungary's MVM CEEnergy on Tuesday, in a move designed to strengthen its presence in central & eastern Europe. MVM receives a large amount of its gas from Russia, unlike energy providers in most European countries https://t.co/aok773BIFy

You can reach me at Stephanie.Kelly@tr.com. Advice on British slang is much encouraged!

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I’m thrilled to announce I’ve just moved to London as Senior Corporate Energy Correspondent with @Reuters. I’ll be covering BP, Shell and other oil majors - the operational and financial decisions they make and their role in the global energy trade and geopolitics

NEWS: Trump administration to rule on biofuel exemption requests, delay reallocation decision, sources say

NEWS: The EPA is expected to rule on a number of the 195 pending small refinery exemption requests that date back as far as 2016 on Friday, the sources said. The rulings will not be a sweeping win for small refiners, according to one source briefed on the decisions.

Here is @APIenergy letter to EPA about RFS and opposition to penalizing biofuel imports... w/@StephanieKellyM

The @APIenergy also questioned the legality of the proposal in separate comments to the @EPA, also seen exclusively by Reuters. The comments signal the trade group could be prepared to go to court to challenge the administration

In a letter seen exclusively by Reuters, @APIenergy sent a letter to the @EPA urging the agency to drop a proposal that would halve credits for imported biofuels and feedstocks. W/ @JarrettRenshaw https://t.co/ASodnoCzqO

The July 25 letter from the @AFPMonline reflects a growing divide between U.S. oil producers and refiners over biofuels policy following an unsteady alliance over the issue in recent years https://t.co/yI7TMsKwdx

SCOOP: US refining trade group @AFPMonline sent letter to top GOP leaders critical of the Trump administration's handling of biofuel policies, including trade policies, the first riff between the energy industry and Trump. w/@StephanieKellyM

Trump's EPA on Friday proposed to increase the amount of biofuels that oil refiners must blend into the nation's fuel mix over the next 2 yrs. That includes a quota of 7.12 billion biomass-based diesel RINs for 2026 (5.61 billion projected gallons)

Here is the full story referenced in Sen. Grassley's post, by me and @JarrettRenshaw

The Trump administration is expected to propose lower biodiesel volumes than the 5.25 billion the industry had sought, sources tell me and @StephanieKellyM

We are told that the Trump administration is expected to release the biofuel quotas on Friday, per sources

NEW: The White House has completed review of the US EPA's biofuel-blending obligation proposal and returned the rule to the US EPA for further action

A decision from Trump's administration to clear the backlog would have consequences for the oil and agricultural industries, and impact the price of commodities from gasoline and renewable diesel to soybeans and corn w/ @JarrettRenshaw

BIOFUELS SCOOP: The current thinking is that larger refineries will be asked to make up for the exempted gallons through reallocation, but the exact details are still under discussion, sources tell me and @StephanieKellyM . No final decisions have been made.

Under the plan, the White House is considering granting many of the 19 requests for exemptions from 2024, the sources said

BIOFUELS SCOOP: White House weighs plan to clear backlog of small refinery exemption requests that could include ruling on 2024 cases and issuing a rule to collect industry comment on how to deal with older ones, per sources. w/@StephanieKellyM