Britain's big six energy firms face moment of truth

Ed Miliband’s pledge in 2013 to freeze energy bills and “reset” the market may feel like ancient history, but next month the big six power suppliers will face a renewed test of their public reputation.

Oil markets soft as markets eye Greece, Iran uncertainty

NEW YORK (Reuters) - Brent futures were little changed on Friday while U.S. crude prices fell slightly as Greece's debt drama and Iran's bid to seal a nuclear deal by the month end led to uncertainties in oil markets.

Oil Majors Urged by UN to Plan for Phasing Out Fossil Fuels

The top United Nations climate diplomat urged the heads of six European oil majors to plan for phasing out fossil-fuel emissions by 2100 and to work with governments on cleaner forms of energy.

Climate change threatens 50 years of progress in global health, study says

Climate change threatens to undermine half a century of progress in global health, according to a major new report.

Catch them if you can: the pragmatic ways to cut carbon emissions

With an immense scientific consensus that manmade greenhouse gases cause climate change, there is pressure to reduce carbon emissions, but little sign that governments can reach a binding agreement to cut back sufficiently.

Never Mind the Pope, Australia Plans Czar to Police Windfarms

A day after Pope Francis urged world leaders to cut fossil-fuel emissions, Australia outlined plans to appoint a commissioner to crack down on windfarms.

U.S. Proposes 24% Increase in Fuel Economy of Trucks by 2027

Asking the trucking industry to do more to cut the emissions that add to climate change, the Obama administration on Friday proposed a 24 percent increase in fuel-economy requirements for tractor-trailers over a decade.

China’s Anti-Graft Investigator Keeps Oil Giants in Its Sights

China’s anti-corruption investigators continued to zero in on the nation’s oil giants, calling on two of its biggest state-owned companies to review their overseas investments and accusing them of nepotism.

U.S. oil prices edge up as Texas braces for storm

LONDON (Reuters) - U.S. crude oil prices edged up on Tuesday as a tropical storm headed towards the oil-producing state of Texas, but oversupply kept Brent lower.

Essar Oil Surges to Highest Price in 4 Years on Rosneft Report

Essar Oil Ltd., India’s second-biggest non-state oil refiner, jumped to the highest level in more than four years in Mumbai following reports OAO Rosneft may acquire a 50 percent stake.

Cash for Oil: China and Iran Strike New Oil Payment Plan

Oil and gas deals between China and Iran are set to change. Last week, several news agencies in the region, including the Iran Daily and Trend News Agency said that Iran and China have agreed that China would pay in cash for the oil and gas it buys from Iran.

BP: Demand for energy 'slowing'

The growth in global demand for energy slowed to levels not seen since the late 1990s, a new report suggests.

Court throws out lawsuits challenging climate plan before it was final

A federal appeals court on Tuesday threw out a pair of high-profile lawsuits challenging the Obama administration’s sweeping plan to address climate change, saying it’s too early to challenge a proposed rule that isn’t yet final.

G-7 Calls for Zero Fossil-Fuel Emissions by End of 21st Century

Some of the world’s richest nations threw their weight behind a plan to stamp out fossil-fuel emissions by the end of the century in an unprecedented show of unity on climate change.

Saudi Arabia Isn’t Trying to Curb U.S. Oil Firms, Petraeus Says

Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus, former director of the Central Intelligence Agency.

OPEC agrees to keep pumping as oil glut fears persist

VIENNA (Reuters) - Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.

EPA Study of Fracking Finds 'No Widespread, Systemic' Pollution

Hydraulic fracturing for oil and natural gas has contaminated some drinking wells but the impact is not widespread, according to three-year landmark U.S. study of water pollution risks released today.

'No shale gas revolution in Europe'

There will be no US-style shale gas revolution in Europe, the president of the International Gas Union (IGU) has told the BBC.

Angola says $80 might be right oil price

Vienna (AFP) - OPEC member Angola declared Tuesday that $80 might be the "right oil price" for the market, ahead of this week's key production meeting in Vienna."

Oil Slump Gives Calgary Tower-Building Opportunity, Mayor Says

The oil price downturn is creating a building opportunity for commercial real-estate developers in Calgary, home to Canada’s petroleum industry, rather than deterring investment, Mayor Naheed Nenshi said.