Natural gas prices drop 3 percent

NEW YORK (AP) — The price of natural gas dropped more than 3 percent Thursday following reports of an unexpectedly large increase in U.S. supplies.

PM under pressure from own cabinet to boost green energy investment

Two Conservative cabinet members have asked the prime minister to do more to boost investment in low carbon energy and other green infrastructure.

A catastrophe if global warming falls off the international agenda

A month's rain fell in a day last week in parts of Britain. There were 140 flood warnings in the north of England, rain forcing the evacuation of Croston and Darwen in Lancashire; elsewhere, it washed out the Isle of Wight festival.

Oil slips below $79 on Europe's economic woes

The price of oil fell below $79 a barrel Monday due to concerns over Europe's economic and financial woes. The drop was limited somewhat by a supply disruption from a storm that shut down about a quarter of crude output in the Gulf of Mexico.

Gas prices could hit $3 by autumn

The darkening clouds of the slowing economy could provide a bright spot for consumers: gasoline at $3 a gallon — or less — by autumn.

U.S. cuts greenhouse gases despite do-nothing Congress

NEW YORK (CNNMoney) -- A curious thing is happening to the air in the United States. It's getting cleaner.

Risk of Greek blackouts increases as traders cut or halt power supplies

Power traders in at least four countries have reduced or halted electricity exports to Greece due to non-payments, helping to force market prices sharply higher in a potential blow to struggling industries and raising the risk of blackouts during the tourist season.

Renewables no fix for U.S. military fuel woes: study

WASHINGTON (Reuters) - Renewable fuels for U.S. military ships and jets are likely to remain "far more expensive" than petroleum products absent a technological breakthrough, a study for the U.S. Air Force found on Tuesday, questioning a Pentagon push for alternative energy.

RWE pulls plug on international nuclear power business

BERLIN: German power giant RWE, already hard hit by the government's decision to phase out nuclear power, said on Monday it is similarly abandoning its ambitions in the sector outside Germany.

Oil prices slide as Greece optimism fades

(Reuters) - Oil prices fell towards $96 a barrel on Monday, erasing early gains after a pro-bailout vote in Greece failed to ease concerns about the euro zone while analysts said oversupplied crude markets would cope with any loss of Iranian oil.

Oil sanctions on Iran loom despite talks

NEW YORK (CNNMoney) -- The latest round of talks over Iran's nuclear program are set to begin Monday in Moscow, but analysts are not expecting a breakthrough that would avoid sanctions in coming weeks.

Japan's LNG, oil demand to remain strong after reactor restarts

TOKYO (Reuters) - Japan's decision to restart two nuclear reactors idled for safety checks after the Fukushima catastrophe won't cut the country's spiraling fossil-fuel import bill unless more atomic units are brought back on line, traders and analysts said.

Climate change rate could be faster than thought, study suggests

China's carbon emissions could be nearly 20% higher than previously thought, a new analysis of official Chinese data showed on Sunday, suggesting the pace of global climate change could be even faster than currently predicted.

E.On seeks nuclear damages from German government

Energy group E.On is to seek damages of about 8bn euros ($10bn; £6.4bn) from the enforced shutdown of German nuclear power stations, it has said.

IEA calls for $36 trillion more in clean energy investments

NEW YORK (CNNMoney) -- The International Energy Agency said the world's clean energy investments are sorely lacking and this week called for an additional $36 trillion of funding by 2050.

Global investment in renewable energy at record high

Global investment in renewable energy surged to a new high last year, despite the widespread recession.

Gazprom leads the field in bids for EDF power station

Foreign bidders are heading the queue to buy a gas-fired power station being sold by EDF, the state-owned French utility.

Tweaking U.S. tax code could spur green energy: senator

WASHINGTON (Reuters) - A freshman Democratic senator thinks he may have found a way to encourage investment in wind, solar and biofuel projects without sapping too many taxpayer dollars or injecting new venom into a bitter partisan battle over energy incentives.

UK energy tie-up with Norway 'could create 1,600 jobs’

Britain could see more than 1,600 jobs created under a new energy partnership with Norway to be announced by David Cameron, according to Downing Street sources.

Russia probes BP venture on behalf of Rosneft

Russia's anti-monopoly service said Wednesday it was probing the British energy group BP's crisis-torn local joint venture TNK-BP on request from the state oil giant Rosneft.

Oil near $100 still a threat to global economy: IEA

KUALA LUMPUR: Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA's executive director said on Tuesday.

Argentina to 'immediately launch' criminal proceedings against UK oil firms operating off Falklands Islands

The UK Government said it would support the country's oil companies operating around the Falkland Islands after Argentina announced it is taking steps to sue five British firms.

BP announces plans to sell stake in TNK-BP

BP has announced that it is going to try to sell its stake in the TNK-BP Russian oil joint venture. In a short statement, the oil company said it had received "unsolicited indications of interest" in acquiring its shares.

Oil drops below $100 on global growth fears

Oil fell to a 16-month low below $100 a barrel on Friday as weak US jobs data, poor manufacturing figures from China and a spiralling euro zone debt crisis deepened worries over the prospects for global economic growth.

Japan's crude imports from Iran fall in April, sanctions bite

TOKYO: Japan's crude oil imports from Iran fell 26.1 per cent in April from a year earlier, as the world's third-largest oil consumer stares at a complete halt in imports from the OPEC member from July due to tightening Western sanctions.

Distrust could hamper Green Deal

Public mistrust of the "big six" energy firms may undermine the UK government's planned Green Deal, according to the International Energy Agency.