Asia to Get Most 2014 Middle East Fuel, Ship Hirings Show

Persian Gulf oil refineries, going through the biggest expansion in decades, are about to ship the largest amount of fuels such as gasoline to Asia in eight months, lists of shipping charters show.

Iraqi Kurdish oil tanker to be seized by US authorities

A tanker carrying $100m (£59m) of Iraqi Kurdish oil is set to be seized by US marshals on Tuesday.

Beauty spots still at fracking 'risk', say campaigners

Fracking licences can only be issued for beauty spots in "exceptional circumstances", according to new rules issued by the government. It said the regulations for the new bidding round for licences - the first in six years - are stricter than before.

China Gasoline Stockpiles Extend Record Amid Rise of Hybrid Cars

China’s gasoline inventories rose to a record high for a third month in June as an expanding fleet of new-energy vehicles limited demand for conventional supplies in the world’s second-largest oil consumer.

UK renewable energy subsidies capped at £200m a year

A ceiling of £200m a year will be placed on subsidies to some of the major forms of renewable energy from this autumn, affecting the funding of large-scale low-carbon installations from wind and solar farms to biomass-burning power plants.

German Utilities Bail Out Electric Grid at Wind’s Mercy

Germany’s push toward renewable energy is causing so many drops and surges from wind and solar power that the government is paying more utilities than ever to help stabilize the country’s electricity grid.

Energy Future seeks longer bankruptcy as it scraps plan

July 24 (Reuters) - Energy Future Holdings, the largest power company in Texas, asked a judge to extend the period in which it controls its Chapter 11 bankruptcy and said it is scrapping its original debt-cutting plan in favor of an auction of its Oncor unit.

Global stock markets at risk from Black Swan spike in oil price

Global stock markets are at risk from a spike in oil prices which could derail the fragile economic recovery and lead to a major correction in share prices, warns Steen Jakobsen, chief economist at Saxo Bank.

U.S. Oil Futures Reach Two-Week High on Refinery Demand

West Texas Intermediate crude rose to the highest in almost three weeks as strong refinery demand reduced U.S. inventories.

Iran Wanting What Argentina Got Shows Nuclear Market Precedent

War with an industrial power and nuclear technology developed under military rule doesn’t preclude a country from enriching uranium. Just ask Argentina.

Reliance Industries sees profits jump on oil and gas

Reliance Industries, one of India's largest industrial conglomerates, has reported a sharp rise in profits thanks in part to a turnaround at its oil and gas business.

Germany is most energy efficient major economy, study finds

Germany is the world's most energy efficient country with strong codes on buildings while China is quickly stepping up its own efforts, an environmental group said Thursday.

Crude Set for First Weekly Gain in a Month on Ukraine

West Texas Intermediate and Brent crude headed for the first weekly gains in a month after a Malaysian Air passenger jet was downed in Ukraine and Israel sent ground forces into the Gaza Strip.

Cities 'should generate green energy', says think tank

Cities should invest in green energy production to compete with the main UK energy suppliers, a centre-left think tank has recommended.

John Kerry acknowledges 'tangible progress' in nuclear talks with Iran

The top diplomats from the US and Iran have hailed the progress made so far at nuclear talks in Vienna but say more time may be needed to close the remaining gaps between the sides.

UK on track to miss carbon targets, climate change advisers warn

The coalition’s flagship insulation programmes have failed to put the UK on the right track to meet its commitments on cutting greenhouse gases, a review by the statutory advisers on climate change has found.

Natural Gas Supply Gains Keep Driving Bulls From Market

Twelve weeks of above-average gains in U.S. natural gas supply are easing concern over winter fuel shortages and spurring speculators to cut their bets on rising prices.

Falling North Sea oil revenue 'to hit government finances'

Dwindling revenue from North Sea oil will increase the pressure on government finances over the coming decades, according to the Office for Budget Responsibility (OBR).

Iowa ruling gives boost to solar energy expansion

IOWA CITY, Iowa (AP) -- Solar energy companies can legally sell power directly to customers, the Iowa Supreme Court ruled Friday in a boost to the small but growing source of renewable energy.

Falling North Sea oil revenue 'to hit government finances'

Dwindling revenue from North Sea oil will increase the pressure on government finances over the coming decades, according to the Office for Budget Responsibility (OBR).

Zero carbon and economic growth can go together, UN study says

Australia could slash its carbon emissions to zero by 2050 and still experience average economic growth of 2.4% a year, according to a UN-backed study.

Brent Erases Iraq Rally With Price Below When Mosul Taken

Brent crude fell the most in more than two months, reversing a rally that started when Islamist militants seized the northern Iraqi city of Mosul almost a month ago. West Texas Intermediate also declined.

Yorkshire carbon capture power plant gets EU funding

Drax, the operator of Britain's biggest power station, has secured up to €300m (£238m) of European Union funding to build a power plant whose carbon dioxide emissions will be trapped and buried deep beneath the North Sea.

New England energy officials warn of possible power crisis; governors infrastructure initiative could be the solution

New England is facing an energy crisis that will drive up consumers’ electricity bills, and the states need to come together for a solution, said regional energy officials at a conference held Monday in Manchester.

Exclusive: Iran eases demands in Vienna nuclear talks - Western diplomats

VIENNA (Reuters) - Iran has reduced demands for the size of its future nuclear enrichment program in talks with world powers although Western governments are urging Tehran to compromise further, Western diplomats said on Thursday.

Egypt to raise fuel prices by up to 78 percent from midnight: source

(Reuters) - Egypt was set to raise mainstream fuel prices by up to 78 percent from midnight on Friday, an Oil Ministry source told Reuters, in a long-awaited step to cut energy subsidies to ease the burden on its swelling budget deficit.

JX Energy Looks Beyond Japan as Oil Refiners Squeezed at Home

JX Nippon Oil & Energy Corp. (5020), Japan’s largest oil refiner, is considering shrinking its presence at home and expanding elsewhere in Asia as the government squeezes the industry in the face of declining domestic fuel demand.

UK will have to gamble with nuclear safety to provide power, analyst warns

Britain may have to stretch safety limits on nuclear power stations to keep the lights on, warned a leading energy analyst on Wednesday.

Oil Risk Flares in Iran Nuclear Talks Amid Unrest in Iraq

Targeting Iranian crude exports to force cuts in the nation’s nuclear program is becoming a riskier strategy for oil markets as violence erupts in neighboring Iraq and supply disruptions persist in Libya.

UK infrastructure neglected and at risk from climate change, engineers warn

Vital parts of UK infrastructure are being neglected, with potentially severe impacts on national competitiveness and quality of life, according to a new study by engineers.

Scotland Holds Billions of Barrels of Shale Oil, Report Says

Scotland may have billions of barrels of shale oil buried under its most densely populated areas, geologists said today.