Ontario business

Reuters: Energy

1. UPDATE 2-Season's 1st Atlantic tropical storm forms off S.Carolina
   MIAMI, May 19 (Reuters) - Tropical Storm Alberto formed off the South Carolina coast on Saturday, bringing an early start to the Atlantic hurricane season, forecasters at the U.S. National Hurricane Center said.

   

   
2. UPDATE 3-G8, raising pressure on Iran, puts oil stocks on standby
   * Obama winning support for tapping government-held oil stocks

   

   
3. Season's 1st Atlantic tropical storm forms off S.Carolina
   MIAMI, May 19 (Reuters) - Tropical Storm Alberto formed off the South Carolina coast on Saturday, bringing an early start to the Atlantic hurricane season, forecasters at the U.S. National Hurricane Center said.

   

   
4. UPDATE 2-Seaway pipeline sends oil to Texas in historic reversal
   HOUSTON, May 19 (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States.

   

   
5. Vote in Libya's Benghazi tests support for autonomy
   BENGHAZI, May 19 (Reuters) - People in Libya's second biggest city, Benghazi, voted on Saturday in a local election that will test support for a proposal to set up autonomous rule for eastern Libya.

   

   
6. Oil starts flowing from Cushing to Houston on Seaway
   HOUSTON, May 19 (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston, Texas, on Saturday, marking a historic shift in the way oil flows across the United States.

   

   
7. G8 committed to keeping oil markets supplied-U.S.
   CAMP David., Md, May 19 (Reuters) - The Group of Eight leaders are committed to keeping global oil markets supplied as sanctions on Iran's crude supply take force, but did not discuss a specific trigger that would prompt action, a U.S. official said on Saturday.

   

   
8. G8 raises pressure on Iran with oil commitment
   CAMP DAVID, Maryland, May 19 (Reuters) - Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, committing to a common approach on its nuclear program and indicating they would be ready to act together to lower oil prices if necessary.

   

   
9. G8 to call on IEA for "action" on oil if needed-sources
   CAMP DAVID, Md., May 19 (Reuters) - Group of Eight leaders agreed on Saturday to call on the International Energy Agency to take "appropriate action" if there are further disruptions to the oil market in the coming months, sources familiar with the G8 draft communique said.

   

   
10. Atlantic storm could bring early start to hurricane season
    MIAMI, May 19 (Reuters) - A swirling mass of thunderstorms off the South Carolina coast has a 50-percent chance of developing into a tropical depression or a tropical storm and could bring an early start to the Atlantic hurricane season, forecasters said on Saturday.