Energy
Cheaper solar panels fuel rise in renewable energy
A dramatic drop in the price of solar power technology last year helped the continued growth of renewable energy, according to a U.N.-backed report published Wednesday. Global energy-generating capacity from renewable sources rose by 115 gigawatts in 2012, compared with 105 gigawatts the previous year, the report by the Paris-based ...
Iraq targets 4.5 million barrels a day for 2014
A senior Iraqi official on Wednesday said his country expects to ramp up oil production to 4.5 million barrels per day by the end of next year from around 3.5 million barrels now, thanks to work by a handful of international oil companies developing the country's prized oil and gas ...
BP: Global demand for energy slows
Global demand for oil, gas, coal and nuclear power grew at a slower pace last year due to weak economic growth, recession and increased efficiency, energy company BP said Wednesday. In an annual review of the world energy market, BP PLC said growth in energy consumption slowed to 1.8 percent ...
Oil price down slightly on lower demand forecast
The price of oil was down slightly but remained above $95 a barrel Wednesday as experts said global demand for crude would be slightly lower than previously expected. By early afternoon in Europe, benchmark oil for July delivery was down 7 cents to $95.31 a barrel in electronic trading on ...
US-China climate deal was long in the works
Disparate interests ranging from environmental activists to businesses and industry are lining up to support a first-of-its-kind deal between the U.S. and China to phase out a chemical blamed for climate change. Although it took most proponents by surprise, the deal was in the bag before President Barack Obama and ...
San Diego utility revives plans for electric plant
A Southern California electric utility said Tuesday that it was reviving plans to build a large, natural gas-fired plant after news that the San Onofre nuclear power plant was closing. San Diego Gas & Electric Co. said it will ask regulators next week to approve a 300-megawatt plant in unincorporated ...
Minnesota news in brief at 7:58 p.m. CDT
Xcel addresses flood concerns at Monticello plant MONTICELLO, Minn. (AP) — Xcel Energy says it has addressed federal regulators' concerns about flood protection at its Monticello nuclear power plant. The U.S. Nuclear Regulatory Commission and Xcel began re-evaluating flooding hazards following the 2011 tsunami that crippled reactors at the Fukushima ...
San Diego utility revives plans for electric plant
A Southern California electric utility said Tuesday that it was reviving plans to build a large, natural gas-fired plant after news that the San Onofre nuclear power plant was closing. San Diego Gas & Electric Co. said it will ask regulators next week to approve a 300-megawatt plant in unincorporated ...
Analysts: Midwest drivers to see lower gas prices
The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S. Analysts said one major Illinois refinery is back online and another big one in Indiana is on track to ramp up production again soon. The refineries' ...
Oil joins in stock, commodities sell-off
Oil prices dropped Tuesday along with stocks and other commodities on concerns that central banks around the globe may back off on measures to boost the global economy. OPEC's disclosure that its members boosted production by 106,000 barrels a day in May also pressured prices. Some experts feel the world ...
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