Energy (Legacy)

Oil falls as U.S. drills more

Oil falls as U.S. drills more

Published 12/09/2016

Rigging equipment is pictured in a field outside of Sweetwater, Texas June 4, 2015. REUTERS/Cooper Neill

Oil fell for a second trading day in a row on Monday, after speculators cut their bullish bets by the most in three months last week and U.S. crude drillers added more rigs for a tenth week running.

[more…]

Jobless recovery looms for white-collar U.S. oil workers

Jobless recovery looms for white-collar U.S. oil workers

Published 12/09/2016

An oil refinery is seen in Carson, California March 4, 2015. REUTERS/Lucy Nicholson

Elizabeth Huber lost her job inspecting oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases.

[more…]

Crude edges down on oil glut worries

Crude edges down on oil glut worries

Published 04/09/2016

A worker looks on at the Bashneft-Ufaneftekhim oil refinery outside Ufa, Bashkortostan, Russia January 29, 2015. REUTERS/Sergei Karpukhin/File Photo

Crude prices inched down on Monday in Asia, paring 3 percent gains in the previous session amid worries over a global oil glut.

[more…]

Daimler plans at least six electric car models: source

Daimler plans at least six electric car models: source

Published 03/09/2016

The Mercedes B-Class Electric Drive is presented during the media day at the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 16, 2015. REUTERS/Kai Pfaffenbach/File Photo

German carmaker Daimler (DAIGn.DE) plans to roll out at least six, and possibly as many as nine, electric car models as part of its push to compete with Tesla (TSLA.O) and Volkswagen's (VOWG_p.DE) Audi, a person familiar with Daimler's plans told Reuters.

[more…]

Exclusive: Iraq plans to sell oil through Iran if talks with Kurds fail

Exclusive: Iraq plans to sell oil through Iran if talks with Kurds fail

Published 29/08/2016

Boys sit on the Iraqi-Turkish pipeline in Zakho district of the Dohuk Governorate of the Iraqi Kurdistan province, Iraq, August 28, 2016. REUTERS/Ari Jalal

Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.

[more…]

Oil prices fall over 1 percent on rising Iraq output, strong dollar

Oil prices fall over 1 percent on rising Iraq output, strong dollar

Published 29/08/2016

A pumpjack drills for oil in the Monterey Shale, California, April 29, 2013. REUTERS/Lucy Nicholson

Oil prices fell over 1 percent on Monday after the U.S. dollar jumped, with markets pressured as Iraq's production rose and as Iran said it would only cooperate in talks to freeze output if fellow exporters recognized its right to fully regain market share.

[more…]

China’s Xi reshuffles key party posts ahead of congress

China’s Xi reshuffles key party posts ahead of congress

Published 29/08/2016

Chinese President Xi Jinping waits for the arrival of US National Security Adviser Susan Rice (not pictured) for their meeting at the Great Hall of the People in Beijing, China, July 25, 2016. REUTERS/How Hwee Young/Pool

Chinese President Xi Jinping has reshuffled three top provincial-level Communist Party posts as he seeks to place his men in key positions ahead of a once-every-five-years congress next year, and more new appointments are likely soon.

[more…]

Japan promises Kenya aid to fund development, power generation

Japan promises Kenya aid to fund development, power generation

Published 29/08/2016

Japan's Prime Minister Shinzo Abe (L) and Kenya's President Uhuru Kenyatta attend a news conference following bilateral talks at State House in Kenya's capital Nairobi, August 28, 2016. REUTERS/Thomas Mukoya

Japan will give Kenya 1 billion yen ($9.78 million) in aid to spur economic and social development, and will extend an as yet unspecified amount for a geothermal power project, the leaders of the two countries said.

[more…]

Oil rises on talk of producer action, but excess looms

Oil rises on talk of producer action, but excess looms

Published 15/08/2016

By Libby George | LONDON LONDON Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than [more…]