Energy

Energy

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  Diplomats: EU set to ease Syria oil embargo

  The European Union is set to ease its oil embargo on Syria to bolster the forces fighting to oust President Bashar Assad's regime, two diplomats said ... 

• Statoil announces new oil find in North Sea

  Norwegian energy company Statoil ASA says it has found "significant" new oil resources in the North Sea. State-controlled Statoil on Friday estimated ... 

• US Supreme Court limits suits over foreign abuses

  The Supreme Court on Wednesday drastically limited the ability of foreign victims of human rights abuses to use American courts to seek accountability ... 

• Oil falls to near $87 a barrel on growth concerns

  The price of crude oil dropped to near $87 a barrel Wednesday amid concerns over the outlook for global economic growth. By early afternoon in Europe, ... 

• Oil down slightly after sharp fall on weak demand

  The price of oil fell as far as $86 a barrel on Tuesday as shaky economic recoveries in China and the U.S. raised the prospect of weaker demand. 

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  China and Iceland sign free trade agreement

  China and Iceland signed a free trade agreement Monday, offering hope to the small North Atlantic country for its recession-battered economy and ... 

• Emergency shutdown at Bulgarian nuclear plant

  Officials say a turbo generator at Bulgaria's only nuclear power station has been shut down due to a hydrogen leak in its cooling system but insist ... 

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  Suu Kyi visit highlights Japan's Myanmar push

  Japan's long-deferred aspirations for a larger role in Myanmar are getting a boost this coming week with a visit by Nobel Peace Prize laureate and ... 

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  Iran says 37 killed in earthquake in south

  A 6.1 magnitude earthquake killed at least 37 and injured hundreds more in a sparsely populated area in southern Iran on Tuesday, Iranian officials ... 

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  Iran unveils uranium sites, renews defiant tone

  With words of defiance, Iran announced two nuclear-related projects Tuesday that expand capabilities to extract and process uranium — modest advances ... 

• Oil price continues rebound, moves closer to $94

  The price of oil rose slightly closer to $94 a barrel Tuesday, continuing to recover from last week's steep slide. By early afternoon in Europe, ... 

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  Margaret Thatcher, Iron Lady, dead at 87

  Love her or loathe her, one thing's beyond dispute: Margaret Thatcher transformed Britain. The Iron Lady, who ruled for 11 remarkable years, imposed ... 

• Oil price rises to near $94 after sharp drop

  The price of oil rose to near $94 a barrel on Monday, rebounding after sharp losses last week that were due to concerns over abundant supplies and ... 

• Danish Vestas in big wind turbine deal in Canada

  Vestas Wind Systems A/S, the world's biggest maker of wind turbines, says it will provide 166 wind generators to a project in Alberta, Canada. 

• Oil slide continues, natural gas soars

  The price of oil dipped below $93 a barrel Friday after a weak U.S. jobs report cast doubt on the strength of the U.S. economy. U.S. benchmark oil ... 

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  Argentine politicians jeered as flood toll hits 57

  Argentine police and soldiers searched house to house, in creeks and culverts and even in trees for bodies on Thursday after floods killed at least ... 

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  Argentina: flooding from torrential rains kill 52

  At least 52 people drowned in their homes and cars, were electrocuted or died in other accidents as flooding from days of torrential rains swamped ... 

• Cyprus to build gas plant with or without Israel

  Cyprus' offshore natural gas deposits are enough to warrant the construction of a gas processing plant to export excess supply, regardless of whether ... 

• Japan Gas, Technip of France in Russia LNG project

  JCG Corp., a Japanese engineering company, and French oilfield services company Technip S.A. have won a contract for a liquefied natural gas plant in ... 

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  Gunmen raid 4 newspaper offices in Baghdad

  Gunmen suspected of being Shiite militiamen burst into the offices of four independent newspapers in Baghdad, smashing their equipment, stabbing and ... 

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  Israel faces geopolitical tangle with natural gas

  Recent discoveries of massive offshore natural gas deposits, set to begin flowing in the coming days, are turning into a mixed blessing for Israel. 

• Oil steady above $96 as Cyprus banks reopen

  The price of oil was up slightly Thursday after climbing more than $4 in less than a week as financially troubled Cyprus reopened its banks after ... 

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  Greenland 'reluctant' on new offshore drilling

  Greenland's new government said Wednesday it doesn't plan to issue any new licenses for offshore oil exploration, an announcement that was welcomed ... 

• BP contractor denies destroying US trial evidence

  BP's cement contractor on the drilling rig that exploded in 2010 and caused the worst offshore oil spill in U.S. history said its recent discovery of ... 

• United Technologies sells power systems business

  United Technologies Corp. is selling a former Goodrich Corp. electric power systems business for about $400 million to French aerospace manufacturer ...