Energy quick reads

** The Postal Service also showed off its first set of electric vehicle charging stations at its South Atlanta Sorting and Delivery Center on Monday. The service plans hundreds of charging stations for what eventually will be the nation’s largest fleet of electric vehicles.

** Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May.

** Dozens of companies have rushed in recent weeks to obtain data and join a U.S. court-ordered auction of shares in a parent of Houston-based oil refiner Citgo Petroleum, Venezuela’s foreign crown jewel, according to people familiar with the matter, as a first-round bidding is set to close on Monday.

** Soybean oil prices rose in Chicago amid speculation that a new biofuels plant in California has received the green light to start operating in a few weeks.

** Archer-Daniels-Midland Co. placed its chief financial officer on leave and cut its earnings outlook pending an investigation into the agricultural trading giant’s accounting practices.

** U.S. supermajor Chevron Corporation (CVX) has disclosed its intention to divest its shale-gas business in Alberta’s Duvernay field, signaling a strategic effort to streamline operations following recent acquisitions.

** Volkswagen spent $800 million on California EV charging to atone for Dieselgate. But drivers aren’t happy.


** Russia’s reliance on four, mainly Asian, countries to import its coal has increased since some countries implemented sanctions against Russia after it invaded Ukraine, according to Global Trade Tracker data.

** A key oil-market gauge is signaling a stronger underlying physical market as Ukrainian drone strikes threaten Russian oil exports.

** Russia blew past Saudi Arabia to become the biggest source of Chinese oil imports last year, highlighting the ineffectiveness of Western efforts to deprive the Kremlin of funds for its war in Ukraine.

** The privatization of state-run oil company YPF SA is no longer included in sweeping reforms that President Javier Milei is trying to get approved by Argentina’s congress, according to a summary of the legislation circulated by the government Monday.

** Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.

** Australia ordered a ship transporting sheep and cattle to return to the country after turmoil in the Red Sea led to the livestock carrier diverting from its original destination in the Middle East toward Africa.

** The French government pledged swift measures to allay farmers’ concerns over rising costs and bureaucracy, an effort to stop the spread of protests that began in the country’s southwest.

** Energy prices dropped in Europe after a major storm battered the continent’s north. Storm Isha damaged properties and disrupted travel after hurricane-force winds, but also boosted wind-power generation.