Iraq Follows Saudi Cuts as Brent Slides to 4-Year Low

Iraq will sell its Basrah Light crude to Asia at the biggest discount since January 2009 as it follows Saudi Arabia and Iran in cutting prices amid a slump in Brent futures to the lowest in almost four years.

Solar Could Be the Largest Source of Energy By 2050

Solar energy could be the world's largest source of power by 2050, providing more than a quarter of the Earth's energy, according to the International Energy Agency (IEA).

Big Six energy companies asked by Ofgem to reveal costs and profits

Ofgem, the energy watchdog, is launching a renewed transparency drive over the finances of the big six energy suppliers amid further concerns of profiteering.

China pollution levels hit 20 times safe limit

Days of heavy smog shrouding swathes of northern China pushed pollution to more than 20 times safe levels on Friday, despite government promises to tackle environmental blight.

EU approves Hinkley Point nuclear power station as costs raise by £8bn

The European commission on Wednesday gave Britain the green light for a huge government subsidy that will open the way for the first atomic power stations to be built for nearly 20 years.

Investors wary as energy sector grows in high-yield bonds

NEW YORK, Oct 7 (IFR) - Energy companies have become a larger presence in the US high-yield bond market this year, relying on debt to fund capex as they expand exploration and production activity, but months of heavy issuance and weaker oil prices are taking their toll.

EU scraps plan to label tar sands oil as highly polluting

The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition.