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Canada is not the focus of Trump team`s trade worries: envoy

U.S. President Donald Trump speaks during the Inaugural Law Enforcement Officers and First Responders Reception in the Blue Room of the White House in Washington, U.S., January 22, 2017. REUTERS/Joshua Roberts The Trump administration’s main concerns about tra... More »

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Ministers laud strong start to OPEC, non-OPEC oil output cuts

A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader OPEC and non-OPEC countries have made a strong start to loweri... More »

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Oil prices rise as markets eye OPEC, non-OPEC production cuts

A flame rises from a chimney at Taq Taq oil field in Arbil, in Iraq’s Kurdistan region, August 16, 2014. REUTERS/Azad Lashkari Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, ... More »

Ukraine declares largest lender insolvent, readies support

The logo of Privatbank is pictured outside its branch in central Kiev, Ukraine, December 18, 2016. REUTERS/Valentyn Ogirenko Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only wa... More »

Oil prices rise in anticipation of tighter 2017 market

An employee at a Total fuel station waits for customers in south Jakarta February 12, 2015. REUTERS/Darren Whiteside Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut out... More »

Oil prices soar on global producer deal to cut crude output

An employee holds a gas pump at a petrol station in Sao Paulo, Brazil, November 8, 2016. REUTERS/Paulo Whitaker Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduc... More »

Rick Perry a leading candidate for U.S. energy post: source

Former Texas Governor Rick Perry exits after meeting with U.S. President-elect Donald Trump at Trump Tower in Manhattan, New York City, U.S., November 21, 2016. REUTERS/Brendan McDermid Rick Perry, who proposed eliminating the U.S. Energy Department during his... More »

Credit Suisse lowers hurdle to redeem delisted oil ETNs

The Credit Suisse logo is seen at the headquarters in Milan, Italy, March 9, 2016. REUTERS/Stefano Rellandini/File Photo Credit Suisse on Friday said it would lower investors’ hurdle to redeeming two popular exchange-traded notes, used to bet on the price of o... More »

Peace talks on Ukraine end without agreement

Germany’s Foreign Minister Frank-Walter Steinmeier (L) greets Ukraine’s Foreign Minister Pavlo Klimkin as their Russian counterpart Sergei Lavrov stands nearby during talks on the crisis in eastern Ukraine in Minsk, Belarus, November 29, 2016. REUTERS/Vasily F... More »

Oil prices fall over doubts of planned crude output cut

An employee holds a gas pump at a petrol station in Sao Paulo, Brazil, November 8, 2016. REUTERS/Paulo Whitaker/File Photo Oil prices fell on Monday, adding to Friday’s steep losses as doubts re-emerged over the ability of major producers to agree output cuts ... More »

Oil prices climb on expectation of OPEC-led production cut

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... More »

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

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... More »

Audi software can distort emissions in tests, VW says

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, Vol... More »

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

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... More »

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

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 ... More »

German prosecutors confirm probe targeting VW`s chairman

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... More »

Mozambique upbeat on debt crisis, investors not so sure

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 invest... More »

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

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 u... More »

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

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 ... More »

Colombians reject deal to end 52-year FARC rebel war

A woman carrying her daughter casts her vote in a referendum on a peace deal between the government and Revolutionary Armed Forces of Colombia (FARC) rebels in Medellin, Colombia, October 2, 2016. REUTERS/Fredy Builes Colombians narrowly rejected a peace deal ... More »

Hurricane Matthew fears grow in Haiti, some resist shelters

Inesia Laguerre cradles her grandchild at the shelter set up in the Lycee Philippe Guerrier ahead of Hurricane Matthew in Les Cayes, Haiti, October 2, 2016. REUTERS/Andres Martinez Casares AU-PRINCE (Reuters) – Fears mounted in Haiti as Hurricane Matthew edged... More »

Italian art installation a call for help over plastic waste

An art installation by Italian artist Maria Cristina Finucci, made of brightly coloured plastic bottles forming giant letters that spell the word ‘HELP’, is seen on the Mediterranean island of Mozia in Sicily, Italy, August 17, 2016. Mario Montalto/Handout via... More »

Venezuela says OPEC, non-OPEC oil stabilizing deal `close`

Venezuela’s President Nicolas Maduro (C) attends the 17th Non-Aligned Summit in Porlamar, Venezuela September 18, 2016. Miraflores Palace/Handout via REUTERS Venezuelan President Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were “close” to re... More »

Asia stocks rally on steady Fed bet, oil bounces

A man walks past at an electronic board showing the Japanese yen’s exchange rate against British pound (R) and Euro outside a brokerage in Tokyo, Japan, July 6, 2016. REUTERS/Issei Kato Asian shares advanced on Monday as markets wagered the U.S. Federal Reserv... More »

Oil falls as U.S. drills more

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 driller... More »

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

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 increase... More »

Crude edges down on oil glut worries

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 ... More »

Daimler plans at least six electric car models: source

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... More »

China’s Xi reshuffles key party posts ahead of congress

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 reshuf... More »

Oil rises on talk of producer action, but excess looms

By Libby George | LONDON LONDON Oil prices rose on Monday to their highest in nearly a month, with benchmark Brent crude trading more than 10 percent above the start of August, as speculation intensified about potential producer action to support prices in an ... More »

Oil falls as oversupply still weighs on market

LONDON Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market. Brent crude was down $0.44 at $43.09 a barrel at 0854 GMT (4:54 a.m. ET) from the previous settlement, afte... More »

BP sticks with major arts sponsorship despite profits slump

LONDON BP has agreed to renew five-year sponsorship deals with several British cultural institutions, including the British Museum, just days after reporting a 45 percent drop in profits. In May the British Museum was forced to temporarily close after Greenpea... More »

Oil prices dip on ongoing oversupply, economic headwinds

SINGAPORE/TOKYO Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come. International Brent crude oil futures were trading at $45.51 per barrel at 0623 GMT, down 18 c... More »

Solar plane takes off from Egypt on final leg of world tour

CAIRO An aircraft powered by solar energy left Egypt on Sunday on the last leg of the first ever fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, took off from Cairo in darkness en route to Abu Dhabi, its final destination, with... More »

North American oil deals trickle back after Brexit shock

NEW YORK Acquisition-hungry energy companies are back on the prowl. Dealmakers have recovered from the shock of Britain’s “Brexit” vote last month to leave the European Union and have resumed buying oil and gas fields in choice locations in Canada and the Unit... More »

Oil prices rise as market shrugs off Turkey coup bid

SINGAPORE Oil prices rose in Asian trade on Monday, following gains last week, as traders shrugged off the impact of Friday’s attempted coup in Turkey, while a weaker dollar and upbeat economic data from the United States lent price support. Brent crude future... More »

Solar plane lands in Egypt on penultimate leg of world tour

CAIRO An airplane powered by energy from the sun arrived on Wednesday in Egypt, the penultimate stop on the first fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, flew over the Pyramids to make a smooth landing at Cairo airport ... More »

Oil slides as rising chance of Brexit spooks investors

NEW YORK/LONDON Oil prices fell for a fourth straight day on Tuesday, swept lower by investor nervousness over Britain’s vote next week on whether to leave the European Union, which overshadowed signs of a return to health for crude markets. Safe-haven German ... More »

Putin, Juncker to talks sanctions and energy: Kremlin

MOSCOW Russian President Vladimir Putin and European Commission President Jean-Claude Juncker will talk about sanctions and energy projects when they meet in St Petersburg this week, Kremlin aide Yuri Ushakov told reporters. “The subject of sanctions will be r... More »

Son of the circus thrives as crude-oil traffic cop

HOUSTON The rows of traders who line the massive trading floor at Mercuria Energy Group’s Houston headquarters rely on a string of modern conveniences to execute deals across the globe. But when they’re under the gun to deliver oil fast, they call one person: ... More »

Oil prices rise on Nigeria outages, Goldman forecast

LONDON Oil prices jumped over 2 percent on Monday to their highest since November 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit. Brent cr... More »

Oil price ultra-bear Goldman Sachs turns mildly bullish

U.S. bank Goldman Sachs, one of the most bearish forecasters on oil over the past year, on Monday raised its short-term price outlook as it said the market had flipped into a deficit due to production outages in Nigeria and Canada. Goldman, one of the most act... More »