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Renault, Peugeot To Supply 60,000 Electric Vehicles In France

Renault, Peugeot To Supply 60,000 Electric Vehicles In France

French auto makers Renault SA (DRNO.FR) and PSA Peugeot-Citroen (UG.FR) pledged Tuesday to supply 60,000 electric vehicles for sale in France in 2011 and 2012, as part of the French government's efforts to promote zero-emission vehicles in France.

China To Raise Gasoline, Diesel Prices By 4%-4.5%

China To Raise Gasoline, Diesel Prices By 4%-4.5%

China will increase domestic gasoline and diesel prices 4%-4.5% from Wednesday, in a move that indicates the government's confidence that inflation is still under control.

US Pledges To Help China If Iran Cuts Off Oil -NYT

US Pledges To Help China If Iran Cuts Off Oil -NYT

U.S. President Barack Obama vowed to help keep fuel flowing to China if Iran cuts off supplies in retaliation for joining a drive for UN sanctions, The New York times reported Tuesday.

China Now No. 2 to U.S. in Wind Power Production

China Now No. 2 to U.S. in Wind Power Production

China overtook Germany last year to become the world's second largest producer of wind power behind the United States, global wind energy producers said Monday.

Euro Strengthens After Deal With Greece

Euro Strengthens After Deal With Greece

An April 11 2010 agreement among the 16 countries of the euro zone on the terms of a multi-billion euro package of financial support to be given to Greece was followed by the euro gaining sharply against the dollar and pound sterling.

Conoco Said to Bet on U.A.E. Alliance in Caspian Oil Race

Conoco Said to Bet on U.A.E. Alliance in Caspian Oil Race

ConocoPhillips plans to team up with Abu Dhabi-backed Mubadala Development Co. to bid for oil and gas fields in the Caspian Sea off Turkmenistan after an attempt with Russia’s OAO Lukoil foundered, a person familiar with the strategy said.

World Oil Demand to Hit Record High This Year: IEA

World Oil Demand to Hit Record High This Year: IEA

Global oil demand will hit a record high this year, the International Energy Agency (IEA) said on Tuesday, revising up consumption estimates as the world economy recovers from recession.

Bulgaria to Dismantle Energy Holding by End-June - Minister

Bulgaria to Dismantle Energy Holding by End-June - Minister

Bulgarian Energy Holding (BEH), the corporate structure set up to group most of the state-owned assets in the energy sector, would be disbanded by end-June, Bulgaria's Economy and Energy Minister Traicho Traikov said on April 12.

EU Commissioner Sees Decision On Nabucco By Year-End

EU Commissioner Sees Decision On Nabucco By Year-End

A final decision on whether to go ahead with the Nabucco gas pipeline project will be made by the end of this year, European Union Energy Commissioner Guenther Oettinger said Friday.

Iran Says Designed, Tested 3rd Generation Centrifuges - Report

Iran Says Designed, Tested 3rd Generation Centrifuges - Report

Iran has designed and tested a third generation of centrifuges that are twice as powerful as those already operating, state PressTV reports Friday citing the head of the country's Atomic Energy Organization.

Wintershall:Still Not Concluded Gazprom Gas Price Talks

Wintershall:Still Not Concluded Gazprom Gas Price Talks

Wintershall AG, the upstream oil and gas unit of German chemicals company BASF SE (BAS.XE), said Friday it is still negotiating with gas giant Gazprom OAO (GAZP.RS) over prices and volumes, but insists on more flexibility from the Russian gas exporter.

E.ON Ruhrgas Sees Slow Growth In European Gas Demand

E.ON Ruhrgas Sees Slow Growth In European Gas Demand

Demand for natural gas shipped to Europe via pipelines will grow in the coming years, but growth will be hampered by higher energy efficiency measures and rising supplies of liquefied natural gas, Bernhard Reutersberg, chief executive of Germany's largest gas importer E.ON Ruhrgas, said Friday.

Enel Hopes To Get EUR4 Bln From Renewables Stake Sale

Enel Hopes To Get EUR4 Bln From Renewables Stake Sale

Enel SpA (ENEL.MI) hopes to raise EUR4 billion from the sale of a minority stake in its renewables company as part of its efforts to reduce its debts, said Chief Executive Fulvio Conti Friday.

Italys Eni Blocking South Stream Progress - Gazprom

Italy's Eni Blocking South Stream Progress - Gazprom

Italian energy giant Eni SpA (E), Russia's partner in its planned South Stream gas pipeline, is blocking the project's development, a top official with Russian gas company OAO Gazprom (GAZP.RS) said Friday.