Energy Update
SINGAPORE, Dec 12 (Reuters) - Oil prices shot up over 4
percent to their highest level since 2015 early on Monday after
OPEC and other producers over the weekend reached their first
deal since 2001 to jointly reduce output in order to rein in
oversupply and prop up the market.
PARIS, Dec 12 (Reuters) - Global methane emissions from
agriculture and other sources have surged in recent years,
threatening efforts to slow climate change, an international
study has found.
NEW YORK, Dec 11 (Reuters) - Oil prices soared by more than
5 percent as the session began in Asian trading after OPEC and
non-OPEC producers on Saturday reached their first deal since
2001 to curb oil output jointly and ease a global glut that
lasted more than two years.
CARACAS, Dec 11 (Reuters) - Venezuela, mired in an economic
crisis and facing the world's highest inflation, will pull its
largest bill, worth two U.S. cents on the black market, from
circulation this week ahead of introducing new higher-value
notes, President Nicolas Maduro said on Sunday.
CARACAS, Dec 11 (Reuters) - Venezuela, mired in an economic
crisis and facing the world's highest inflation, will pull its
largest bill, worth two U.S. cents on the black market, from
circulation this week ahead of introducing new higher-value
notes, President Nicolas Maduro said on Sunday.
WASHINGTON, Dec 11 (Reuters) - The central question facing
Exxon Mobil Corp Chief Executive Rex Tillerson if he
becomes U.S. secretary of state is whether a lifelong oil man
with close ties to Russia can pivot from advancing corporate
interests to serving the national interest.
Kenya and the World Bank are in talks about financing a $150 million solar-and-wind project in the country’s remote, off-grid northeastern region.
NEW YORK, Dec 11 (Reuters) - Rick Perry, who proposed
eliminating the U.S. Energy Department during his unsuccessful
bid for the 2012 Republican presidential nomination, has emerged
as a leading candidate to head the agency under President-elect
Donald Trump, a transition official said on Sunday.
AMMAN, Dec 11 (Reuters) - The governor of the Homs province
said on state television on Sunday that Islamic State had
captured the ancient city of Palmyra on Sunday and the army was
fighting to regain control.
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