Gold prices hit record highs over $1,227 on 3 Dec 2009 as the precious metal continued to attract investors looking for an alternative to the dollar. Gold prices have risen by more than 7% since touching a low [...]
Gold prices hit record highs over $1,227 on 3 Dec 2009 as the precious metal continued to attract investors looking for an alternative to the dollar. Gold prices have risen by more than 7% since touching a low [...]
NEW DELHI/LONDON (Reuters) - China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said on Wednesday.
China, the world's top emitter, together with India, Brazil and South Africa demand [...]
LONDON (Reuters) - Britain is to shift to a smart energy system, including a national smart grid, which should pave the way to a low carbon future that includes large wind farms, more efficient heating systems and electric vehicles.
The government said smart meters, which provide real-time information to consumers about [...]
Russian output reached 10.07 million bpd last month, setting a new [...]
LONDON (Reuters) - A prominent Internet critic of Royal Dutch Shell says the oil major has asked an anti-cyber fraud agency to target his site, which Shell admits provides better information on the group than its own internal communications.
John Donovan, who runs the Royaldutchshell.plc website, where disaffected Shell employees [...]
Russia sets new oil output record in Nov
MOSCOW (Reuters) - Russia produced more than 10 million barrels per day of oil for the third consecutive month in November to retain its position ahead of Saudi Arabia as the world's top producer, Energy Ministry data showed on Wednesday.
Russian output' [...]
NEW YORK (Reuters) - New York State is looking for developers to build wind farms on its Great Lakes that could generate 120 to 500 megawatts of power to boost the amount of electricity that comes renewable sources by 2015.
The New York Power Authority would buy all the power generated [...]
LONDON (Reuters) - The world's two biggest energy exchanges are fierce competitors, but the likelihood is both will emerge as winners from the latest tussles for liquidity.
By some measures, the Atlanta-based IntercontinentalExchange has narrowed the gap on its bigger competitor the New York Mercantile Exchange, owned by CME Group. [...]
September U.S. petroleum consumption was lowered 518,000 barrels per day to 18.362 million bpd, the Energy Information Administration said in its monthly petroleum supply report. [...]
SEOUL (Reuters) Tata Group is planning to produce hybrid versions of its Nano, billed as the world's cheapest car, to join in the environment-friendly trend, its chairman said in an interview with a South Korean newspaper.
The Maeil Business Newspaper on Monday quoted Ratan Tata, chairman of the Tata Group, [...]
BEIJING (Reuters) - Dubai's debt crisis could be China's opportunity to snap up gold and oil assets, a senior Chinese official said in remarks published on Monday.
China's $2.27 trillion in foreign exchange reserves are mostly parked in U.S. treasuries, despite calls from some in China to invest the reserves in [...]
LONDON (Reuters) - As the world wrangles over how to fight climate change, with national leaders to meet in Copenhagen early next month, capital markets are gearing up to handle the consequences if the effort fails.
The insurance industry, including reinsurers, who distribute risk around the sector, has traditionally been the [...]
MILAN (Reuters) - Det Norske Veritas, a leading international certifier, has drafted standards which businesses ranging from coffee making to diamond sourcing can use to flag sustainability of supply chains, DNV senior executives said.
Sustainable business models in the developing world have grabbed the limelight as the world's political and business [...]
PORT OF SPAIN (Reuters) - For Maldives President Mohamed Nasheed, the cold scientific numbers of the climate debate add up to the very survival of his tropical Indian Ocean state.
If global temperatures rise just 2 degrees Celsius (3.6 degrees Fahrenheit), "we won't be around, we will be underwater," he told' [...]
Using mathematical modelling and case studies, researchers said such strategies could avert 5,500 premature deaths and [...]
BASRA, Iraq (Reuters) - The state-run Iraq Drilling Company plans to drill 180 oil wells in 2010, and will be able to drill more than 250 new wells every year from 2011 onwards, the head of the company said.
Thirty of the new wells planned for 2010 will be in northern [...]
The results rebut a key argument against producing [...]
Backed by the United States, the plan would allow uranium producer Russia to set up an IAEA-supervised bank to provide [...]
LONDON (Reuters) - The world faces a potential energy supply squeeze as economic growth rebounds, offering huge investment opportunities in the oil and gas industry and in other energy companies, a fund manager said on Thursday.
Christopher Wheaton, who runs two energy industry-focused funds for Allianz Global Investors, the asset management [...]
OTTAWA (Reuters) - Roads, buildings and pipelines in Canada's north are at risk from global warming and the government must do more to protect infrastructure in the remote frozen region, an official panel said Thursday.
The National Round Table on the Environment and the Economy (NRTEE) said the permafrost layer had [...]
OSLO (Reuters) - The Arctic is thawing fast because of global warming but a big "Cold Rush" for offshore oil and gas looks unlikely because of icebergs and high costs, a new book says.
...Oil companies are looking north but Anderson, a former editor of New Scientist magazine, shows huge problems [...]
Ivan Ayolov, chief executive of the state electricity system operator (ESO) said in an interview [...]
SAN FRANCISCO (Reuters) - Purse strings are loosening, new bets are being placed, and cautious optimism has caught on in the green technology sector.
With oil prices up sharply and the U.S. economy steady, the emerging green technology industry is seen moving back to a growth path from a sheer survival [...]
LONDON (Reuters) - How much does a barrel of oil cost? With billions of dollars at stake, sometimes the answer depends who is doing the asking.
The most visible answer is the figure flashing up on futures screens across the financial globe. [...]
NEW YORK/LONDON (Reuters) - Offshore crude storage, which has declined sharply from record levels in April, may rise again in the U.S. Gulf as front-month U.S. oil futures trade at a steep discount to barrels for later delivery.
The volume of crude oil stored in tankers globally has dipped to between [...]
(Reuters) - Pirates attacked an oil tanker off the coast of Benin on Tuesday, killing a Ukrainian officer and stealing the contents of the ship's safe, the head of the West African country's navy said.
Africa's Gulf of Guinea nations have been struggling with mounting threats from piracy and kidnappings [...]
OSLO (Reuters) - Global warming is happening faster than expected and at worst could raise sea levels by up to 2 meters (6-1/2 ft) by 2100, a group of scientists said on Tuesday in a warning to next month's U.N. climate summit in Copenhagen.
In what they called a "Copenhagen Diagnosis," [...]
