Energy (Legacy)

Japan ratifies Paris Agreement after the pact enters into force

Japan ratifies Paris Agreement after the pact enters into force

Published 08/11/2016

Japan's Prime Minister Shinzo Abe bows before praying at the altar during the funeral of late Prince Mikasa, uncle of the current Emperor Akihito, at the Toshimagaoka cemetery in Tokyo, Japan, November 4, 2016. REUTERS/Toru Hanai - RTX2RU0K

Japan on Tuesday ratified the 2015 Paris Climate Change Agreement to cut emissions and prevent climate change, four days after the global pact officially entered into force.

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Mozambique upbeat on debt crisis, investors not so sure

Mozambique upbeat on debt crisis, investors not so sure

Published 08/11/2016

A fisherman repairs nets in Maputo, Mozambique, September 26, 2016. REUTERS/Grant Lee Neuenburg/File Photo

Mozambique's finance minister has a plan to deal with a debt crisis that threatens to derail one of Africa's most promising frontier economies but investors are far from convinced.

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Oil prices drop as Iraq says doesn`t want to join OPEC cut

Oil prices drop as Iraq says doesn`t want to join OPEC cut

Published 24/10/2016

Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad, Iraq October 14, 2016. REUTERS/Essam Al-Sudani

Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.

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Saudi bond: take the money and run or see the terms and flee? – James Saft

Saudi bond: take the money and run or see the terms and flee? – James Saft

Published 24/10/2016

Clouds move over the Riyadh skyline November 17, 2013. REUTERS/Faisal Al Nasser

(The opinions expressed here are those of the author, a columnist for Reuters)

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Oil prices fall on rise in U.S. drilling, strong dollar

Oil prices fall on rise in U.S. drilling, strong dollar

Published 17/10/2016

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

Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand.

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Germany says Tesla should not use `Autopilot` in advertising

Germany says Tesla should not use `Autopilot` in advertising

Published 17/10/2016

The Tesla Model S version 7.0 software update containing Autopilot features is demonstrated during a Tesla event in Palo Alto, California, U.S., October 14, 2015. REUTERS/Beck Diefenbach/File Photo

German Transport Minister Alexander Dobrindt has asked Tesla (TSLA.O) to stop advertising its electric vehicles as having an Autopilot function as this might suggest drivers' attention is not needed, his ministry said on Sunday.

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IEA says oil market may rebalance faster if OPEC sticks to target

IEA says oil market may rebalance faster if OPEC sticks to target

Published 11/10/2016

A person carrying an umbrella walks by the Ogranization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 4, 2016. REUTERS/Heinz-Peter Bader

Global oil supply could fall in line with demand more quickly if OPEC and Russia agree to a steep enough cut in production, but it is unclear how rapidly this might happen, the International Energy Agency said on Tuesday.

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IEA warns of risk to oil demand from record global debt

Published 11/10/2016

Record global debt levels pose a clear risk to oil demand, the International Energy Agency said on Tuesday, citing figures from the International Monetary Fund last week that showed the world is awash with a record $152 trillion in debt.

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Saudi`s Falih says non-OPEC countries willing to help balance oil market

Saudi`s Falih says non-OPEC countries willing to help balance oil market

Published 11/10/2016

Saudi Arabia's Energy Minister Khalid al-Falih talks during the 23rd World Energy Congress in Istanbul, Turkey, October 10, 2016. REUTERS/Murad Sezer

Saudi Arabia's Energy Minister Khalid al-Falih will not attend meetings on Wednesday between OPEC and non-OPEC countries in Istanbul but told Reuters he saw signs that countries outside OPEC were willing to contribute to balancing the oil market.

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Oil price falls back from one-year highs, hit by OPEC deal concerns

Oil price falls back from one-year highs, hit by OPEC deal concerns

Published 11/10/2016

A worker checks the valve of an oil pipe at an oil field owned by Russian state-owned oil producer Bashneft near the village of Nikolo-Berezovka, northwest of Ufa, Bashkortostan, Russia January 28, 2015. REUTERS/Sergei Karpukhin/File Photo

Oil fell back from one-year highs on Tuesday, knocked by concerns that a production cut by the world's largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil.

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