Energy (Legacy)

Oil prices climb on expectation of OPEC-led production cut

Oil prices climb on expectation of OPEC-led production cut

Published 21/11/2016

The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger

Oil prices rose around 1 percent on Monday as OPEC moved closer to an output cut to rein in oversupply that has pressured prices for over two years.

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Oil pinned near three-month lows as gloom grows over OPEC

Oil pinned near three-month lows as gloom grows over OPEC

Published 15/11/2016

A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver

Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output.

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Audi software can distort emissions in tests, VW says

Audi software can distort emissions in tests, VW says

Published 15/11/2016

An Audi logo is seen at the Mondial de l'Automobile, Paris auto show, during media day in Paris, France, September 30, 2016. REUTERS/Jacky Naegelen

Audi cars with automatic transmissions have technology capable of distorting emissions when they are tested, Volkswagen (VOWG_p.DE) said, as its luxury flagship is battling allegations over a reported discovery of a new cheat software device.

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BMW eyes 100,000 electric car sales in 2017: Sueddeutsche

BMW eyes 100,000 electric car sales in 2017: Sueddeutsche

Published 15/11/2016

A vintage wheelcap of a BMW is picturesd before a news conference marking the company's 100th birthday festivities in Munich, southern Germany March 7, 2016. REUTERS/Michael Dalder/File Photo

BMW wants to boost sales of electric cars by two-thirds next year to 100,000 vehicles as the luxury automaker is offering more battery-powered models, Sueddeutsche Zeitung reported, citing Chief Executive Officer Harald Krueger.

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China to burn, not bury, as it tackles trash challenge

China to burn, not bury, as it tackles trash challenge

Published 15/11/2016

A newly launched waste-to-energy plant by Suzhou Wujiang Everbright Environmental Energy Ltd is seen in Wujiang of Suzhou, Jiangsu province, China, November 8, 2016. REUTERS/Aly Song

Thousands of tonnes of urban waste are hidden behind scrubbed white walls at a new power plant on the outskirts of the Chinese city of Wujiang, with even its chimney disguised as a clock tower.

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German prosecutors confirm probe targeting VW`s chairman

German prosecutors confirm probe targeting VW`s chairman

Published 08/11/2016

Hans Dieter Poetsch, chairman of the Volkswagen AG supervisory board, addresses a news conference at the headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke

German prosecutors confirmed on Monday they are investigating Volkswagen AG's (VOWG_p.DE) supervisory board chairman over suspected market manipulation, in another blow to efforts to contain fallout from the automaker's diesel emissions scandal.

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Oil prices steady ahead of U.S. election, weak China data weighs

Oil prices steady ahead of U.S. election, weak China data weighs

Published 08/11/2016

A worker takes oil samples from a well at the Gazpromneft-owned Yuzhno-Priobskoye oil field outside the West Siberian city of Khanty-Mansiysk, Russia, January 28, 2016. REUTERS/Sergei Karpukhin/File Photo

Oil prices were stable on Tuesday as financial investors and traders were cautiously positioning themselves for a win by Hillary Clinton in the U.S. presidential elections.

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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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