Oil up near $100 in Europe as stock markets gain

Oil prices were up $3 on Monday, to near $100 a barrel, supported by a strong start to the U.S. holiday shopping season, continuing tensions in the Middle East and new hopes for progress in the European debt crisis.

Putin to Coordinate Oil Production with OPEC?

Russian Prime Minister Vladimir Putin announced that his country, the world’s leading oil and gas producer, plans to work closely with the Organization of Petroleum Exporting Countries (OPEC), the oil cartel.

U.S.: World's Tallest Solar Tower Set for Arizona

In the western desert state of Arizona, a company called EnviroMission is planning to build a new solar tower, the first of its kind, an ambitious new way to produce energy with heat from the sun.

French president clings to nuclear energy despite post-Fukushima fears, waste protests

PIERRELATTE, France — French President Nicolas Sarkozy said Friday it would be madness to reduce his country’s huge reliance on nuclear power, despite worldwide wariness after Japan’s Fukushima disaster and protests this week over the dangers of waste.

PetroChina Parent Chairman Censured by Government for Accidents

China National Petroleum Corp., the parent of the country’s biggest energy company PetroChina Co. (857), said its chairman was given a “disciplinary warning” by the government after accidents at Dalian port since July last year.

Oil Declines in New York on Speculation Pipeline Reversal Won’t End Glut

Oil in New York declined, widening its discount to Brent crude, on speculation that the reversal of the Seaway pipeline won’t be enough to eliminate a glut in the U.S. Midwest.

Green energy race 'fierce'

ARVADA, Colo., Nov. 21 (UPI) -- The U.S. energy secretary said during a tour of a solar manufacturing plant in Colorado that global competition in the green energy sector was "fierce."