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Crude Hits 3-Month High, Breaking $95 A Barrel

Crude Hits 3-Month High, Breaking $95 A Barrel

Oil futures prices extended their climb in early trading Monday, with Nymex futures rising above $95 a barrel for the first time since Aug. 2 as crude's one-month bull run kept up momentum.

ECB’s Double Standards

ECB’s Double Standards

Although details about the eurozone deal on Greek debt remain unclear, it looks certain that the haircut will neither include EU/IMF loans nor some 62 billion euros worth of Greek bonds purchased by the European Central Bank (ECB) at a lower price on the secondary market.

The Expansion of PV Module, Cell and Wafer Manufacturing Capacity Will Slow Dramatically

The Expansion of PV Module, Cell and Wafer Manufacturing Capacity Will Slow Dramatically

The expansion of PV module, cell and wafer manufacturing capacity will slow dramatically throughout the rest of 2011 and the first half of 2012 according to the latest quarterly report from IMS Research. Production capacity has been added at a frantic pace for the last two years and almost 30 GW of capacity has been added since the start of 2010, but expansions have finally slowed in response to slowing demand in many key regions and a severe oversupply of PV products, revealed the market research firm.

Why Bother Going to 30%? Fatih Birol Surely Knows the Answer

Why Bother Going to 30%? Fatih Birol Surely Knows the Answer

More investments in energy efficiency and low-carbon technologies, more jobs, better health, some regained climate leadership on a global level and an increased chance of keeping global temperature rises below 2°C by the end of the century are among the reasons why the EU should adopt a target of reducing its greenhouse gas emissions by 30% by 2020, writes Stephen Boucher, programme director for EU climate policies, in an exclusive commentary for EurActiv to mark the beginning of the Cancún climate negotiations.

BP’s $7.1 Billion Argentine Oil Sale Scrapped

BP’s $7.1 Billion Argentine Oil Sale Scrapped

Cnooc Ltd. (883)’s deal to buy BP Plc (BP/)’s $7.1 billion stake in Argentine crude producer Pan American Energy LLC collapsed, 10 days after Argentina’s president ordered oil companies to repatriate export revenue.

Leviathan Partners Find Gas at Dolphin 1

Leviathan Partners Find Gas at Dolphin 1

Dolphin 1 partners Noble Energy Inc., Delek Group Ltd. and Ratio Oil Exploration (1992) LP have found clear signs of natural gas at the Dolphin 1 exploratory well in the Hanna license. The preliminary results found 550 billion cubic feet (15.7 billion cubic meters) of natural gas - about half the size of Yam Tethy's Mari B well, which has been in operation since 2004.

High-Ranking EU Participation at IENE’s 16th «Energy & Development» Conference

High-Ranking EU Participation at IENE’s 16th «Energy & Development» Conference

Represented at high-rank level will be the European Commission at the 16th “Energy & Development” conference that IENE organizes on November 22-23 2011 and which will be held at the “Athens Ledra Marriot Hotel”. Senior members of the European Commission's Task Force which supports the Economic Adjustment Programme for Greece, including Mr. Ben Van Houtte (Legal Adviser, DG Energy, European Commission), Mrs. Monika Ekstrom, (DG Energy, Unit B1, European Commission) and also Mr. Brendan Devlin (European Commission, Brussels) have confirmed their participation at the conference

US Bid To Cut Green Tariffs Meets Resistance Within APEC

US Bid To Cut Green Tariffs Meets Resistance Within APEC

China and other developing countries are resisting a U.S. proposal to cut tariffs on environmental goods, casting doubt on one of President Barack Obama's goals for a Pacific Rim summit he hosts next week.

Japan Nuclear Reactor Operation Ratio Hits Record Low In October

Japan Nuclear Reactor Operation Ratio Hits Record Low In October

The operation ratio of Japan's 54 commercial nuclear reactors in October fell to a record low of 18.5% amid the Fukushima nuclear crisis, renewing the previous record of 20.6% marked in September, the Japan Atomic Industrial Forum said Friday, Kyodo News reported.

China Regrets US Solar Claims, Warns of Lose-Lose Situation

China Regrets US Solar Claims, Warns of Lose-Lose Situation

China said Friday that it regrets that U.S. companies have asked for anti-dumping probes against Chinese solar power products and insisted that its policies on solar energy conform with World Trade Organization rules.

Libyas NTC Pledges To Destroy Chemical Weapons

Libya's NTC Pledges To Destroy Chemical Weapons

Libya's National Transitional Council has pledged to continue with the previous regime's programme of destroying its chemical weapons stockpiles, an international monitoring group said Friday.

Sinopec Closing In On Galp Brazil Stake

Sinopec Closing In On Galp Brazil Stake

China Petrochemical Corp., known as the Sinopec Group, is in advanced negotiations to buy a stake in Portuguese oil company Galp Energia SGPS SA's (GALP.LB) Brazilian unit, people familiar with the matter said Friday.

France, Kazakhstan Sign Deal On Nuclear Fuel Plant

France, Kazakhstan Sign Deal On Nuclear Fuel Plant

French Industry and Energy Minister Eric Besson signed a deal with the government of Kazakhstan Friday that will see France's Areva SA (AREVA.FR) open a nuclear fuel plant with Kazakh firm Kazatomprom, his office said.