Oil falls 3 percent on worries over euro zone, China

NEW YORK (Reuters) - Oil fell more than 3 percent on Wednesday, with worry mounting about the petroleum demand outlook as the euro zone debt crisis pushed the single currency down near a two-year low against the dollar and after China signaled it was not planning a large economic stimulus.

'Golden age of gas' threatens renewable energy, IEA warns

A "golden age of gas" spurred by a tripling of shale gas from fracking and other sources of unconventional gas by 2035 will stop renewable energy in its tracks if governments don't take action, the International Energy Agency has warned.

Senate panel reins in Pentagon on clean energy

WASHINGTON (AP) — The Pentagon's investment in green energy requires too much green paper for some in Congress.

Three-quarters of Japanese firms oppose nuclear power

TOKYO (Reuters) - Nearly three-quarters of Japanese companies support abandoning nuclear power after last year's Fukushima disaster, although a majority set the condition that alternative energy resources must be secured, a Reuters poll showed on Friday.

Analysis: Shale energy boom dangles prospect of leap in economic growth

WASHINGTON (Reuters) - America's reliance on fuel imports has sucked vigor from its economy for decades. Now an oil and natural gas boom holds out the prospect for a new era of stronger U.S. economic growth.

To avoid conflict, OPEC may keep oil target unchanged

LONDON: Saudi Arabia and its Gulf Arab allies are likely to try to avoid confrontation with Iran and recommend leaving OPEC's oil output target unchanged when producer countries gather next month.

Oil prices slide to 7-month low

NEW YORK (CNNMoney) -- Oil prices fell below $90 a barrel for the first time in seven months Wednesday as tumult in the eurozone, excess supply and positive news out of Iran weighed on prices.

Oil prices up on expectations for improving demand

Oil prices rose as encouraging signs about the economy in the United States and China tempered concerns about Greece's debt crisis.

Analysis: Germany's Merkel losing green battle to cheap coal

(Reuters) - To reach its strict climate targets and fulfill Chancellor Angela Merkel's nuclear exit plans, Germany needs to avoid coal and build a stack of gas power plants to secure clean energy supplies beyond 2020.

Repsol: Exploratory oil well off Cuba comes up dry

HAVANA (AP) — An exploratory oil well off the northern coast of Cuba has proved a failure and will be capped and abandoned, Spanish company Repsol said Friday, a disappointment for a cash-strapped nation hoping for an economic lifeline.

G-8 Leaders to Discuss Oil Market as Iran Embargo Nears

The impact on oil prices from sanctions on Iran will be on the agenda when President Barack Obama meets with other leaders of the Group of Eight nations, National Security Adviser Tom Donilon said.

U.S. Slaps High Tariffs on Chinese Solar Panels

A senior Chinese banker, who insisted on anonymity because of the political sensitivity of the solar panel issue, said that Chinese banks were not eager to lend heavily for another round of solar panel factory investments on the large scale needed to supply the American market.

India to cut Iran oil imports by 11% amid US pressure

India has said it will cut imports of Iranian oil by 11% in the current financial year as it continues to face pressure from the US.

Japan's firms fear summer meltdown in nuclear-free nation

TOKYO: Japan's hard-hit manufacturers are facing a long summer with businesses making everything from ice creams to crayons fretting production may be hampered as the now nuclear-free nation faces energy cuts.

Oil down to near $94 on China, Europe concerns

Oil prices dropped to near $94 a barrel Monday due to concerns that China's economy, the world's second-largest, is slowing faster than expected as well as speculation that Greece could abandon the euro currency bloc.

Centrica shareholders revolt against executive pay

Centrica has become the latest company to feel the force of the “shareholder spring” as more than 16pc of its investors failed to back its executive pay - on the same day it warned household bills were set to rise even further.

Oil prices fall on weak China data, Europe woes

Oil prices dropped Friday as traders worried about disappointing Chinese economic data and debt-wracked Greece, where an election was almost certain after austerity opponents blocked a new government.

Turning natural gas into diesel fuel

NEW YORK (CNNMoney) -- Near-record low natural gas prices have hurt the industry, but a technology that can turn cheap gas into more profitable diesel could keep demand high and mitigate the impact of falling costs.

Japan shuts down last nuclear reactor

Tokyo (CNN) -- As Japan began its workweek Monday morning, the trains ran exactly on time, the elevators in thousands of Tokyo high-rises efficiently moved between floors, and the lights turned on across cities with nary a glitch.

BP may get second chance in Arctic through Rosneft tie-up with TNK-BP

BP could be handed a second shot at exploring for oil offshore in the Arctic with Russia's Rosneft, in a possible tie-up through its joint venture TNK-BP.

Indian trade with energy starved Nepal under trouble

SILIGURI/DHULABARI( Nepal ): Severe power and oil shortage in Nepal is causing severe downfall in its own economic activities as well as bilateral trade with India, its largest trade partner.

Thousands march as Japan shuts off nuclear power

TOKYO (AP) — Thousands of Japanese marched to celebrate the switching off of the last of their nation's 50 nuclear reactors Saturday, waving banners shaped as giant fish that have become a potent anti-nuclear symbol.

Alaska gives TransCanada OK to shift attention

JUNEAU, Alaska — The state of Alaska on Wednesday gave TransCanada Corp. permission to shift its attention to a natural gas pipeline project that would be capable of overseas exports.

Japan seeks new energy supplies

The closure of Japan's nuclear reactors has prompted a hunt for alternative sources of energy in the resource-poor country.

BP profits slip as 'Gulf spill disposals' hit production

BP reported a bigger-than-expected drop in profits, despite higher oil prices, as production fell after it was forced to sell fields to pay for the Gulf of Mexico oil spill.

Oil under $119 as data worries

LONDON (Reuters) - Oil eased on Tuesday to trade under $119 a barrel due to worries that a sluggish economic recovery in Western economies together with below-expectations Chinese manufacturing data, could depress demand for fuel.

U.S. 'dirty oil' imports set to triple

NEW YORK (CNNMoney) -- U.S. imports of what environmentalists are calling "dirty oil" are set to triple over the next decade, raising concerns over the environmental impact of extracting it and whether pipelines can safely transport this Canadian oil.