energy and resource

New EU energy proposal promises jobs, investment, lower energy bills

The EU doubled down on the economic potential of a global shift towards clean energy on Wednesday with a massive package of proposals to reform the bloc's energy industry.

Oil prices jump as OPEC ministers expect to agree on production cut

Oil prices jumped Wednesday as members of the Organization of the Petroleum Exporting Countries (OPEC) voiced confidence that they could reach a deal to cut output for the first time since 2008....

OPEC officials optimistic about output cut, but markets uncertain

Members of the Organization of the Petroleum Exporting Countries (OPEC) voiced optimism Monday that they could reach a price-boosting deal this week to cut oil output, but markets were not...

EU: Hungary's nuclear deal with Russian firm did not violate rules

Hungary did not break EU public procurement rules when it awarded a nuclear expansion project to a Russian firm in 2014 without seeking other bids, a commission spokeswoman confirmed Friday.

Putin, Merkel discuss gas transit via Ukraine as temperatures drop

Russian President Vladimir Putin on Monday warned Germany about Ukraine possibly disrupting gas supplies to Europe during an expected severe winter.

OPEC urges non-cartel oil producers to cooperate with output limit

Global oil supplies are at risk in the long run unless countries both in and outside the Organization of the Petroleum Exporting Countries (OPEC) cooperate now to bolster oil prices, OPEC ...

At least 2 dead, 9 injured in power plant explosion in east China

At least 2 people were killed in an explosion at a thermal power plant in east China's Shandong province on Tuesday, state news agency Xinhua reported.

Russia joins OPEC nations in talks over freeze on oil production

Members of the Organization of Petroleum Exporting Countries (OPEC) met Saturday with Russia and six other non-OPEC states to discuss a possible freeze on production, after talks continuing late...

Dakota pipeline opponents rally after police make arrests, clear camp

Activists trying to block construction of an oil pipeline remained near the scene Friday in North Dakota even after their protest camp was cleared by police.

OPEC meets in Vienna to discuss possible freeze on production

Members of the Organization of Petroleum Exporting Countries (OPEC) met Friday in Vienna for talks about a possible freeze on production.

EU's Juncker against "crackdown" on toasters, hairdryers

The European Union should not regulate the energy efficiency of devices such as toasters and hairdryers, the head of the bloc's executive, Jean-Claude Juncker, is expected to propose Tuesday.

World Bank: Energy prices to rise by nearly 25 per cent next year

Global energy prices are forecast to rise by nearly 25 per cent next year, the World Bank said Thursday.

Iran eyes bigger stake in European oil market with boosted production

Iran is planning to increase its oil production from the current 600 million to 1 billion cubic metres per day, the vice minister for petroleum said on Saturday.

Russian-Turkish pipeline installation in Black Sea to begin next year

Installation of the Turkish Stream natural gas pipeline in the Black Sea will begin next year, Russian Energy Minister Alexander Novak said Wednesday.

Russia suspends atomic research collaboration with US

Russian Prime Minister Dmitry Medvedev has signed a decree to suspend atomic research and development work with the United States, his website said Wednesday.