Investors could lose $4.2tn due to impact of climate change, report warns

Private investors stand to lose $4.2tn (£2.7tn) on the value of their holdings from the impact of climate change by 2100 even if global warming is held at plus 2C, a report from the Economist Intelligence Unit (EIU) has warned.

Lira Rises to Seven-Week High as Oil Drops on Iran Nuclear Deal

Turkey’s lira advanced the most in emerging markets as sliding oil prices boosted the outlook for the nation that imports most of its energy.

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.

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.

Libya oil crisis exacerbated by push for autonomy

TRIPOLI: Libya is suffering a profound economic and political crisis, running out of cash because autonomy-seekers are blocking key oil exports, while a movement is afoot in congress to unseat the fragile government.

Energy Efficiency Is Long Overdue

On a global scale, we humans are becoming more energy efficient with each passing year. Even so, we’re exploiting only a fraction of the technological opportunities to use energy more cost-effectively.

Crude Trims Biggest Weekly Gain Since June on U.S. Growth

West Texas Intermediate crude fell, trimming the biggest weekly increase since June, as the U.S. economy grew less than expected in the first quarter.

Total restarts production at Elgin field

Total has restarted production at its huge Elgin gas field in the North Sea, almost a year after a major gas leak which cost the French business millions of euros.

China energy consumption rises 3.9% in 2012

BEIJING: Energy consumption by China, the world's leading emitter of C02, rose 3.9 per cent in 2012 from the previous year but fell by 3.6 per cent per unit of gross domestic product, the government said.

Oil Set for Second Weekly Drop on Demand Outlook, Supply

Oil in New York rebounded after better-than-forecast U.S. economic figures fueled speculation that energy demand in the world’s largest crude user will increase. Futures rose as much as 0.3 percent after earlier dropping as much as 1.2 percent.

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.