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.