WTI Crude Set for Biggest Loss in a Week With Brent

West Texas Intermediate crude was headed for its biggest loss in a week as U.S. economic data bolstered the outlook for higher interest rates.

Rosneft and Exxon discover Arctic oil

Russian energy giant Rosneft says it has discovered oil with its US project partner Exxon Mobil at a controversial well in the Arctic.

Saudis Said to Maintain Oil Output After Biggest Cut Since ’12

Saudi Arabia, the largest crude producer in OPEC, plans to keep output steady until the end of the year, a person with knowledge of the country’s oil policy said. It made the biggest cut in 20 months in August.

Energy storage site potential boon for Utah

SALT LAKE CITY (AP) -- A proposed $1.5 billion energy storage site in rural Utah that is part of a larger, ambitious clean energy initiative would be an economic boon to the state and could potentially make the area a hub for similar projects, state officials said Wednesday.

Europe's carbon cuts should be subject to Paris climate deal – EU energy chief

Europe should only push ahead with its planned cuts to carbon emissions if the rest of the world agrees to a global climate change deal at a crunch summit in Paris next year, according to the EU’s energy chief.

Indian Supreme Court cancels 214 coal scandal permits

India's Supreme Court has cancelled almost all the coal mining licences awarded by the government since 1993 in a corruption scandal which has cost the country tens of billions of dollars.

Hinkley nuclear power plant recommended for approval

Plans to build a new nuclear power plant at Hinkley Point in Somerset have been recommended for approval following a European Commission investigation.

New climate deal push will not repeat Copenhagen mistakes – UN envoy

Efforts to forge a new global agreement on global warming will not repeat the mistakes that dogged the landmark climate summit in Copenhagen five years ago, Ban Ki-moon’s special envoy on climate change has vowed.

Energy companies push New Zealand stocks higher

WELLINGTON, New Zealand (AP) — Trading in energy companies pushed New Zealand's stock market higher Monday following an election victory for Prime Minister John Key.

Renewable energy target: Coalition and Labor no closer to compromise

The two major parties appear no closer to a compromise on the future of the renewable energy target, amid a push by Coalition backbenchers to strip away the mechanism for large-scale wind and solar projects.

China joins nations eyeing India's civil nuclear sector

NEW DELHI (Reuters) - China became the latest nation to line up for a stake in India's civil nuclear energy drive on Thursday, agreeing to open talks on cooperation in a sector that New Delhi sees as the solution to its chronic power problems.

Brazil's largest company, Petrobras, accused of political kickbacks

The brutalist headquarters of South America's biggest company, Petrobras, offers a harsh riposte to those who try to romanticise Brazil as a land of golden beaches and endless forest.

U.S. Oil Output Surges to Highest Since 1986 on Shale

U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence.

India to decide on diesel deregulation after state polls: oil minister source

(Reuters) - India will decide on whether to end government control of diesel pricing after elections in two states next month, an oil ministry source said.

Nuclear energy should be kept out of politics: Russia's Rosatom

LONDON (Reuters) - Nuclear energy should be left out of any political decisions such as sanctions, an executive at Russia's state nuclear corporation Rosatom told Reuters on Thursday.

Power plant construction programme 'may prove expensive and unnecessary'

Britain risks locking itself into an expensive and unnecessary programme of power plant construction under flawed new policies being pursued by the government, a key committee of MPs has warned.

US hits Russia's largest bank, energy sector with sanctions

Washington (AFP) - The United States hit Russia's top bank and leading energy and technology companies with sanctions Friday, restricting access to finance and technology to punish Moscow's support for Ukraine's separatist rebels.

Brent Crude Falls to Two-Year Low After IEA Demand Cut

Brent crude fell to the lowest level in more than two years, narrowing its premium over West Texas Intermediate, after the International Energy Agency cut demand forecasts.

Solutions to the water energy nexus remain elusive

Solutions to the water energy nexus – the main topic of last week’s World Water Week conference in Stockholm – remain elusive.

Poland Says Gazprom Cut Gas Supplies via Belarus, Ukraine

Poland is investigating reduced natural gas supplies from Russia’s OAO Gazprom (OGZD) via Belarus and Ukraine, according to the country’s dominant gas company.

Fukushima fallout continues: now cleanup workers claim unpaid wages

The legal net has started to tighten around the operator of the Fukushima Daiichi nuclear power plant, as victims of the accident, and those responsible for clearing it up, take their grievances to the courts.

WTI, Brent Oils Set for Weekly Drop on Slow Jobs Growth

West Texas Intermediate and Brent crudes dropped after weaker-than-estimated U.S. jobs growth in August and as Ukraine and pro-Russian separatists agreed to a cease-fire.

Iranian nuclear R&D centre 'visited by UN inspectors'

UN inspectors have gained rare access to an Iranian nuclear facility, giving them a "better understanding" of Tehran's disputed programme, it has been reported.

Shell Trims China Shale Venture on Sichuan Population Challenges

Royal Dutch Shell Plc (RDSA), which signed the first shale-gas production sharing contract in China, will trim its project in Sichuan province because of geological challenges and the area’s dense population.

US justice system was always going to find BP guilty

BP has spent years waiting to hear its punishment for the Gulf of Mexico disaster. On Thursday, the verdict it regarded as its worst case scenario landed with thudding predictability.

Two nuclear power stations could be out of action until December, says EDF

Two nuclear stations that play a vital role helping to keep Britain's already fragile electricity system intact could be out of action till the end of the year, EDF Energy said on Thursday.

Liberal Democrats seek to ban 'unabated' coal power

Electricity generated from coal in old power plants without carbon capture would be banned in a proposal that will form the centrepiece of the Liberal Democrats' commitment on the environment in its general election manifesto.

Leading oil industrialist accuses BP of spurning its lead role in the North Sea

Alexander Temerko, a leading oil industrialist in Britain, has launched a stinging attack on BP, accusing it of abandoning its lead role in the North Sea in favour of championing the interests of Russia.

Russia and China launch gas pipeline

Russia and China have begun the construction of a new gas pipeline linking the countries, with a ceremony in the Siberian city of Yakutsk.

Shell Submits a Plan for New Exploration of Alaskan Arctic Oil

Royal Dutch Shell submitted a plan to the federal government on Thursday to try once again to explore for oil in the Alaskan Arctic, following years of legal and logistical setbacks as well as dogged opposition from environmentalists.