China makes new proposal on Russia gas deal

MOSCOW: Chinese energy officials signalled on Saturday they were keen to pursue a major gas deal with Russia despite a proliferation of alternative supplies, and said they had made a new proposal to overcome a price deadlock.

UK's Cameron sees North Sea as green energy hub

LONDON (Reuters) - Britain's North Sea has the potential to lead the world in offshore wind and carbon capture and storage technology, British Prime Minister David Cameron said as over 20 companies signed a deal to turn the region into a major renewable energy hub.

Shell profits rise on strong oil price

Oil giant Royal Dutch Shell has reported a rise in profits thanks in part to strong demand for energy which is keeping oil prices high.

Iran Considers Halting Nuclear Expansion to Avert EU Oil Ban

Iran is considering a Russian proposal to halt the expansion of its nuclear program in order to avert new sanctions, the country’s envoy in Moscow said.

Oil hovers near $103 amid EU economy worries

LONDON (AP) — Oil prices hovered above $103 a barrel Tuesday as financial markets stabilized after sharp losses the previous day, when investors worried Europe's debt crisis will undermine economic growth and energy consumption.

British Gas puts 550 jobs at risk

British Gas intends to close its Southampton call centre which could result in 550 job losses, in a "blow" to the local area.

Survey: Higher energy prices slowing rural growth

OMAHA, Neb. (AP) — Economic growth appears to be slowing in rural areas of 10 Midwest and Plains states because of higher fuel and energy prices, according to a new monthly survey released Thursday.

Brent oil rises on risk outlook, Spain auction

LONDON (Reuters) - Brent crude oil gained on Thursday, bouncing from a two-month low set the previous session, as a Spanish bond auction attracted strong investor demand, alleviating some concerns about the health of the euro zone economy.

Japan Is Asked to Insure Iran Oil Shipments as EU Sanctions Bite

Japan’s government may insure tankers carrying Iranian oil, joining China and India in responding to European sanctions blocking private providers.

US solar firm cuts 30% of global workforce

US solar energy firm First Solar said Tuesday it would cut 30 percent of its global workforce due to Europe's financial woes, scaling back operations in Germany and Malaysia.

Barack Obama cracks down on oil traders

Barack Obama pledged to put more "cops on the beat" to oversee the oil market, as he went on the offensive with a range of curbs to stop traders from driving the oil price higher.

US tops global clean energy investment rankings

The US has regained top spot from China as the biggest investor in clean energy in 2011, according to global rankings.

Falkland Oil and Gas shrugs off Argentine threats

The company on Friday reported an increased annual loss for 2011 of $6.64m, compared with $3.74m in 2010, but said it had more than enough cash to fund its exploratory drilling programme off the Falkland Islands this year.

Feds charge 3 in wind farm scam

CHEYENNE, Wyo. (AP) — The pitch on behalf of Mountain State Power sounded enticing: For $25,000 and with minimal risk, you could cash in on the green energy boom in Wyoming and South Dakota, taking advantage of a wind farm project partly funded by the federal government.

What is OPEC's oil output? Depends who you ask

LONDON: OPEC's crude oil production numbers are not easy to come by. Ask OPEC itself, and you will now get two answers.

Rising fuel costs cloud US economic outlook: Fed

Higher gasoline prices are muddying what is an otherwise improving outlook for the US economy, the Federal Reserve said in a keenly watched report, published Wednesday.

On Our Radar: Gas, Gas and More Gas

With a mild winter in much of the country having tamped down gas demand and with production of natural gas thriving due to the success of hydraulic fracturing technology, a.k.a. “fracking,” the country is running out of storage space and as a result some producers are slowing down, the Associated Press reports.

Iran can make nuclear weapons - but won't, says top politician

Iran has the technological capability to produce nuclear weapons but will never do so, a prominent politician in the Islamic republic has said.

Putin’s Port Project to Divert Russia Urals Oil to Baltic

A Baltic Sea oil terminal opened in March by President-Elect Vladimir Putin to boost Russia’s direct access to international markets may weaken the country’s crude price in northern Europe compared with the south.

Global oil production trouble - it's not just Iran

NEW YORK (CNNMoney) -- All the attention may be on a loss of oil from Iran these days, but production outages in a variety of spots worldwide is causing about one million barrels of oil a day to sit on the sidelines, helping push oil and gas prices to near record highs.

Nuclear industry dreams dashed by current economic reality

The news that nuclear giants RWE and E.ON are dropping plans to build any new UK reactors has sent a toxic cloud not only over Wales, but over the nuclear industry itself.

Obama Finds Oil in Markets Is Sufficient to Sideline Iran

WASHINGTON — After careful analysis of oil prices and months of negotiations, President Obama on Friday determined that there was sufficient oil in world markets to allow countries to significantly reduce their Iranian imports, clearing the way for Washington to impose severe new sanctions intended to slash Iran’s oil revenue and press Tehran to abandon its nuclear ambitions.

Oil above $103 amid signs China economy improving

SINGAPORE (AP) — Oil prices rose slightly above $103 a barrel Monday in Asia amid signs China's economic growth remains strong.

Iraq March Crude Exports Rise to Highest in Post-Hussein Era

Iraq’s crude oil exports and revenue rose in March to their highest levels in the nine years since the U.S.-led invasion that toppled former President Saddam Hussein, the head of the State Oil Marketing Organization said.