UN panel urges world at Rio to launch energy fixes

GENEVA (AP) — A high-profile U.N. panel headed by the presidents of Finland and South Africa hopes to spark an "ever-green" energy revolution later this year in Brazil using a general roadmap it presented Monday on how world leaders could wean the world off fossil fuels.

Oil industry sees China winning, West losing from Iran sanctions

DAVOS, SWITZERLAND: As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say China and Russia stand to gain the most and Western oil firms and consumers may emerge the biggest losers.

Crude Oil Advances as Fed Commits to Low Rates, Durable Goods Orders Gain

Oil rose after the Federal Reserve announced it plans to keep U.S. interest rates near a record low through 2014 and a report showed durable goods orders in the world’s biggest crude-consuming country increased.

Kuwait Petroleum Selects Total as Partner in $9 Billion China Refinery

Kuwait chose Total (FP) SA as the third partner to build a $9 billion oil refinery in China, the head of Kuwait Petroleum Corp. said, as the Gulf state seeks a foothold in Asia’s biggest consumer of refined products.

ENERGY: Obama Pushes Forward on Clean Energy Without Congress

With Congress gridlocked and clean-energy policy stifled by solar-panel maker Solyndra's default on a federal loan, President Obama said on Tuesday evening in his State of the Union address that he is pressing forward with major initiatives in solar and wind energy that his administration can shepherd on its own.

Israeli Gas Find Tips Energy Balance

A popular quip in Israel's energy industry has it that when Moses left Egypt, he took a wrong turn on his way to the Promised Land: The Biblical figure should have veered right to Saudi Arabia rather than left to Israel, which has long been assumed to lack any petroleum reserves.

China says U.S. wind tower probe to hurt cooperation

(Reuters) - China's Ministry of Commerce said a U.S. investigation into wind towers from China could hurt bilateral clean energy cooperation, an area the White House has been eager to develop.