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German manufacturing recovery remains on track in August: PMI

BERLIN (Reuters) – German manufacturers’ recovery from lockdown measures continued last month, with output growing at the fastest pace since February 2018, a survey showed on Tuesday. IHS Markit’s final Purchasing Managers’ Index (PMI) for manufacturing, which... More »

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Big Oil’s patchy deals record casts shadow over green makeover

LONDON (Reuters) – As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top energy comp... More »

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Equinor appoints new CEO to speed up renewable investments

OSLO (Reuters) – Equinor (EQNR.OL) on Monday announced the appointment of Anders Opedal as chief executive effective from Nov. 2 as the Norwegian oil and gas group looks to speed up a move into renewable energy. The new CEO, who had been executive vice preside... More »

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BP’s green energy targets will be tough to meet

LONDON (Reuters) – BP (BP.L) will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world’s largest renewable power generators. The B... More »

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BMW to offer fully electric 5-series in emissions push

FRANKFURT (Reuters) – BMW (BMWG.DE) will offer a fully electric 5-series as part of sweeping product overhaul unveiled on Monday as the German carmaker seeks to lower vehicle emissions during production and on the road. “In ten years, the goal is to have a tot... More »

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New CEO pay limits loom as investors confront coronavirus crisis

BOSTON/LONDON (Reuters) – The havoc wrought by the coronavirus crisis could give investors leverage to put new limits on CEO pay packages and link them more closely to a range of social and environmental issues at companies’ annual meetings this spring. Execut... More »

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Tokyo 2020 to power Olympic torch with hydrogen for first time

TOKYO (Reuters) – Hydrogen will be used for the first time to power the Olympic torch during its journey through Japan, organizers said on Monday, as part of Tokyo 2020’s efforts to hold an environmentally friendly Games. Organizers aim to offset all carbon em... More »

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Earth’s temperature likely marks hottest decade on record: report

MADRID (Reuters) – The past decade is almost certain to be the hottest on record, weather experts warned on Tuesday, painting a bleak picture of vanishing sea ice, devastating heatwaves and encroaching seas in a report launched at a climate summit in Spain. An... More »

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German manufacturing contraction eases in November

BERLIN (Reuters) – Germany’s export-dependent manufacturing sector contracted at a slower pace for the second month in a row in November, a survey showed on Monday, as companies sounded optimistic about their future business. IHS Markit’s Purchasing Managers’ ... More »

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British police order a halt to climate change protests in London

LONDON (Reuters) – British police have ordered a halt to Extinction Rebellion protests in London after a week of civil disobedience by climate change activists who have targeted government building and major financial institutions. “Any assembly linked to the ... More »

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Exclusive: No choice but to invest in oil, Shell CEO says

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an inte... More »

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Senator Harris takes aim at Trump antitrust probe of automakers…

WASHINGTON (Reuters) – U.S. Senator and Democratic presidential candidate Kamala Harris on Friday asked a government watchdog to look into the Trump administration’s decision to launch an antitrust probe into four automakers cooperating with California on tigh... More »

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Investing green is all the rage, but benchmarks still hazy

SYDNEY (Reuters) – Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking exercise in the transition from brown to gree... More »

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Lawyers seek $26 million in Volkswagen U.S. fuel economy settlement

WASHINGTON (Reuters) – Lawyers for owners of 98,000 Volkswagen AG (VOWG_p.DE) U.S. vehicles that had fuel economy labels that overstated efficiency will ask a U.S. judge for $26 million in attorney’s fees and costs, court documents show. On Friday, the Environ... More »

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Can power napping solve electric car charging challenge?

STUTTGART, Germany (Reuters) – Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. ... More »

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G7 leaders near deal to provide $20 million to tackle Amazon fires

BIARRITZ, France (Reuters) – The leaders of the group of seven nations are close to agreeing a deal to provide $20 million in emergency help to stop the Amazon forest fires, a French presidential source said. “The reality is that for the emergency aid they esp... More »

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Climate activists disrupt British cities with ‘summer uprising’

LONDON (Reuters) – Environmental activists sought to sow chaos in five British cities on Monday in a bid to force the government to act to help avert what they cast as a climate cataclysm. The Extinction Rebellion group disrupted London with 11 days of protest... More »

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India proposes tax benefits for electric vehicles to promote sales

MUMBAI/NEW DELHI (Reuters) – India proposed tax waivers on Friday on the purchase of electric vehicles and removed import taxes on some auto components to help boost sales and reduce its dependence on fossil fuels. India, the world’s third-biggest emitter of g... More »

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Oil loses luster as banks cash in on cleaner commodities

LONDON (Reuters) – Investment banks are beefing up trading teams in markets such as gas, metals and carbon permits that are flourishing as businesses and economies become greener, according to recruitment consultants. The shift in staffing at the world’s bigge... More »

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Ohio House committee passes bill to save nuclear power plants

(Reuters) – A committee in Ohio’s House of Representatives voted along party lines to approve a bill to save the state’s two nuclear power reactors from retirement and provide some financial support for a couple of ailing coal plants. Republicans in the House ... More »

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Exclusive: Bosch goes for platinum-light fuel cells

LONDON (Reuters) – Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport. According to Reuters calculati... More »

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Solar and wind firms call the ‘Green New Deal’ too extreme

WASHINGTON/LOS ANGELES (Reuters) – U.S. solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic presidential candidates to end U.S. fossil fuel consumption within a decade. But do not... More »

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Big thaw hits Harbin ice sculptures in China

BEIJING (Reuters) – Ice and snow sculptures carved by nearly 10,000 artists in the city of Harbin have melted during a sudden warm spell, forcing the earliest closure of the main venue at China’s biggest winter festival. Daytime temperatures have poked above f... More »

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Democrats float ‘Green New Deal’ to end fossil fuel era

WASHINGTON (Reuters) – Democrats on Thursday laid out a “Green New Deal” that would eliminate U.S. greenhouse gas emissions within a decade, an effort to make climate change a central issue in the 2020 presidential race. The document, unveiled by rising politi... More »

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Top German conservative hints at slower coal phase-out in nod to…

BERLIN (Reuters) – Germany’s phasing out of coal-fired power stations could be delayed beyond 2038 if the deadline creates problems for the security of electricity supply, a senior legislator in Chancellor Angela Merkel’s party said. The phase-out, proposed la... More »

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Emissions angst fuels new tensions in loveless German coalition

BERLIN (Reuters) – Tensions in Germany’s loveless ruling coalition flared on Sunday after Transport Minister Andreas Scheuer, a conservative from the car-making state of Bavaria, called for a reassessment of limits on vehicle emissions. Scheuer told the Bild a... More »

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Seeking thrifty ways to cut pollution, Rotterdam links up with…

ROTTERDAM (Reuters) – As Daan Hosli’s hybrid BMW glides into downtown Rotterdam, it passes a virtual boundary into the city’s “electric-only zone” and his mobile phone trills out a reminder to switch off his combustion engine and drive on battery power. Hosli ... More »

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U.S. EPA senior official falls short of calling climate change a…

WASHINGTON (Reuters) – The Trump administration’s senior air pollution official said on Friday that he and his agency were still exploring the science of climate change and fell short of calling it a crisis. Bill Wehrum, U.S. Environmental Protection Agency (E... More »

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Nuclear, climate threats keep Doomsday Clock close to apocalypse

(Reuters) – A renewed nuclear arms race, rising greenhouse gas emissions and the emergence of state-sponsored disinformation campaigns have left the modern world as close to annihilation as it was at the height of the Cold War, atomic scientists said on Thursd... More »

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Root and branch reform: Swedish scientist makes fuel from tree waste

LUND, Sweden (Reuters) – Might tree roots, twigs and branches one day be used to power cars? That’s what a Swedish researcher is hoping after developing a pulp byproduct that – on a modest scale – does just that. Chemical engineering scientist Christian Hulteb... More »

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BlackRock plans environmentally conscious money market fund

NEW YORK (Reuters) – BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for “socially responsible” investments, a filing with U.S. market regulators showed on Tuesday. The world... More »

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Carmaker Rolls-Royce urges May to avoid a hard Brexit

LONDON (Reuters) – Carmaker Rolls-Royce called on the British government to avoid a disorderly Brexit and said it was building up some stock, expanding warehouse capacity and training suppliers for customs changes in case Britain leaves the EU without a deal. ... More »

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VW seeks damages from ex-managers for emissions scandal: report

BERLIN (Reuters) – Volkswagen (VOWG_p.DE) is seeking damages from former managers, who were dismissed for their roles in the diesel emissions scandal that has cost the German automaker as much as $30 billion, the Handelsblatt newspaper reported on Thursday. Vo... More »

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Naturalist Attenborough urges climate meet to tackle ‘greatest…

KATOWICE, Poland (Reuters) – British broadcaster and environmentalist David Attenborough on Monday urged world leaders, meeting in Poland to agree ways to limit global warming, to get on and tackle “our greatest threat in thousands of years”. Known for countle... More »

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Supreme Court nominee has been a foe of emissions rules

WASHINGTON (Reuters) – Brett Kavanaugh, nominated on Monday to be a Supreme Court justice by U.S. President Donald Trump, is a long-time skeptic of business regulations, especially on rules limiting harmful emissions, although he has called global warming an “... More »

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Under fire for ethics scandals, EPA chief Pruitt resigns

WASHINGTON (Reuters) – Environmental Protection Agency chief Scott Pruitt, who had been lauded by President Donald Trump for his aggressive efforts to roll back environmental regulations, resigned on Thursday under heavy fire for a series of ethics-related con... More »

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BMW not considering moving production out of Britain over Brexit:…

LONDON (Reuters) – BMW (BMWG.DE) is not considering moving production out of Britain because of uncertainty connected to Brexit, the company’s special representative in Britain said on Tuesday. When asked by a reporter at a conference whether the German car ma... More »

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As investment stalls, auto industry warns PM May: Avert a Brexit…

LONDON (Reuters) – Uncertainty over Brexit has halved new investment in the British car industry and Prime Minister Theresa May should urgently change tack and keep the world’s fifth largest economy in the EU’s customs union, the country’s main car lobby group... More »

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Fiat Chrysler CEO reprimands colleague for commenting on emissions

WASHINGTON (Reuters) – Fiat Chrysler Chief Executive Officer Sergio Marchionne reprimanded the company’s top U.S. spokesman for issuing press releases about Fiat’s vehicle emissions practices days after Volkswagen’s (VOWG_p.DE) disclosure in September 2015 tha... More »

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Developing nations to study ways to dim sunshine, slow warming

OSLO (Reuters) – Scientists in developing nations plan to step up research into dimming sunshine to curb climate change, hoping to judge if a man-made chemical sunshade would be less risky than a harmful rise in global temperatures. Research into “solar geo-en... More »

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Artificial intelligence can make power firms more efficient:…

FRANKFURT (Reuters) – Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the power grid or to control home appliances, consultancy Roland Berger said. European utilities c... More »

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Eni backs U.S. nuclear fusion firm formed by ex-MIT researchers

FILE PHOTO: Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo MILAN (Reuters) – Italian energy company Eni will conduct research with the Massachusetts Institute of ... More »

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Software may have helped Daimler pass U.S. emissions tests: report

The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG in Stuttgart, Germany, February 2, 2017. REUTERS/Michaela Rehle BERLIN (Reuters) – U.S. investigators probing Mercedes maker Daimler (DAIGn.DE) have found that its... More »

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Australia green bond market muzzled by policy uncertainty

SYDNEY (Reuters) – When National Australia Bank launched the country’s first ever “green” mortgage bond last week, it kept its expectations for demand in check with price guidance at a similar level to a non-green bond it was also selling. Global interest in s... More »

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Chemical sunshade to slow warming may not be feasible: U.N. draft

FILE PHOTO: People watch the first sunrise on New Year’s Day at a beach in Tokyo, Japan, January 1, 2018. REUTERS/Toru Hanai/File Photo OSLO (Reuters) – The idea of spraying a haze of sun-dimming chemicals high above the Earth as a quick way to slow global war... More »

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Shell buying spree cranks up race for clean energy

People take pictures of a high-efficiency petrol-burning concept car as it is unveiled by Royal Dutch Shell during a ceremony in Beijing, China April 22, 2016. REUTERS/Damir Sagolj LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a ... More »

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Arctic sea ice melt to exacerbate California droughts: study

FILE PHOTO: The crew of the U.S. Coast Guard Cutter Healy, in the midst of their ICESCAPE mission, retrieves supplies in the Arctic Ocean in this July 12, 2011 NASA handout photo. Kathryn Hansen/NASA via REUTERS/File Photo WASHINGTON (Reuters) – Melting Arctic... More »

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Germany’s SPD says open to coalition talks with other parties

German Chancellor Angela Merkel speaks with Social Democratic Party (SPD) leader Martin Schulz as they attend a meeting of the Bundestag in Berlin, Germany, November 21, 2017. REUTERS/Axel Schmidt BERLIN (Reuters) – Germany’s Social Democrats (SPD) are ready t... More »

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Driverless cars set for UK budget boost: finance ministry

Britain’s Finance Secretary Philip Hammond leaves 11 Downing Street, London, Britain, November 15, 2017. REUTERS/Toby Melville LONDON (Reuters) – British finance minister Philip Hammond’s budget statement this week will include measures to encourage the develo... More »

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After dieselgate, Volkswagen loosens reins on empire

FILE PHOTO: People walk past a row of Volkswagen e-Golf cars during the company’s annual news conference in Berlin, Germany March 13, 2014. Picture taken March 13, 2014. When Volkswagen boss Matthias Mueller vowed to reform the carmaker after its emissions sca... More »

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Munich prosecutors arrest Audi employee in emissions probe

Flags with the Audi logo are pictured in Ingolstadt, the home of German carmaker Audi March 3, 2016. REUTERS/Michael Dalder Munich prosecutors arrested an Audi employee on suspicion of fraud and false advertising in connection with the carmaker’s emissions sca... More »

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VW waives appeal against German dieselgate compensation cases

FILE PHOTO: A Volkswagen VW car is seen at a car dealer in Bochum, Germany March 16,2016. REUTERS/Ina Fassbender/File Photo German carmaker Volkswagen (VOWG_p.DE) has agreed to buy back diesel cars equipped with illicit emissions control software after decidin... More »

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Scientists rescue samples of melting Bolivian glacier for posterity

FILE PHOTO: Illimani mountain is seen after a snowstorm, as pictured from El Alto, July 4, 2015. REUTERS/David Mercado/ File Photo A team of international scientists are transporting samples of ice from a melting glacier in Bolivia to Antarctica, for study and... More »

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Trump`s coal plan sends U.S. energy “back to the past”: Vatican

Saint Peter’s Basilica at the Vatican is silhouetted during sunset in Rome, March 11, 2013. Roman Catholic Cardinals will begin their conclave inside the Vatican’s Sistine Chapel Tuesday to elect a new pope. REUTERS/Paul Hanna U.S. President Donald Trump is se... More »

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Top U.S. diplomat in China quits over Trump climate policy

An official of China’s Giant Panda Protection and Research Center introduces Dujiangyan Panda Base to David Rank (C), the charge d’affaires of the U.S. Embassy in Beijing, in Sichuan province, China March 24, 2017. Picture taken March 24, 2017. REUTERS/Stringe... More »

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Bid to revoke Obama methane rule fails in surprise U.S. Senate vote

A pumpjack brings oil to the surface in the Monterey Shale, California, in a file photo. REUTERS/Lucy Nicholson The U.S. Senate on Wednesday rejected a resolution to revoke an Obama-era rule to limit methane emissions from oil and gas production on federal lan... More »

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Scientists call for more precision in global warming predictions

FILE PHOTO – A drop of water falls from a melting piece of ice on Argentina’s Perito Moreno glacier near the city of El Calafate, in the Patagonian province of Santa Cruz, December 16, 2009. REUTERS/Marcos Brindicci Researchers from Harvard University, Princet... More »

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Trump to set new executive orders on environment, energy this week

U.S. President Donald Trump speaks during a signing ceremony with Treasury Secretary Steve Mnuchin at the Treasury Department in Washington, U.S., April 21, 2017. REUTERS/Aaron P. Bernstein U.S. President Donald Trump this week will sign new executive orders b... More »

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German prosecutors expect rulings in VW scandal this year: report

FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo German prosecutors expect the first rulings this year in legal cases resulting from the Volkswagen (VOWG_p.DE) em... More »

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Volkswagen says U.S. approves sale of modified diesel vehicles

FILE PHOTO – An American flag flies next to a Volkswagen car dealership in San Diego, California, U.S. on September 23, 2015. REUTERS/Mike Blake/File Photo Volkswagen AG (VOWG_p.DE) said the U.S. Environmental Protection Agency has approved its request to sell... More »

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Arctic ice loss driven by natural swings, not just mankind: study

FILE PHOTO: An undated NASA illustration shows Arctic sea ice at a record low wintertime maximum extent for the second straight year, according to scientists at the NASA-supported National Snow and Ice Data Center (NSIDC) and NASA. NASA/Goddard’s Scientific Vi... More »

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EPA chief unconvinced on CO2 link to global warming

The Senate confirmed Scott Pruitt to run the Environmental Protection Agency over the objections of Democrats and environmentalists worried he will gut the agency, as the administration readies executive orders to ease regulation on drillers and miners. REUTER... More »

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U.S. shale plots production growth despite OPEC`s warning

FILE PHOTO – Pump jacks drill for oil in the Monterey Shale, California, U.S. on April 29, 2013. REUTERS/Lucy Nicholson/File Photo U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgen... More »

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Peak gasoline demand looms with engine efficiency gains

A car is filled with gasoline at a gas station pump in Carlsbad, California August 4, 2015. REUTERS/Mike Blake Demand for gasoline in the United States, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more ... More »