CAIRO, April 9 (Reuters) - Egypt will reduce spending on fuel subsidies by nearly 43 percent in the 2016/17 budget due mainly to lower global energy costs, officials said on Saturday.
MOSCOW, April 9 (Reuters) - Allowing Novatek and Russia's top oil producer Rosneft to export gas to Europe would not be in Russia's national interest, RIA news agency quoted Russian gas export monopoly Gazprom as saying on Saturday.
RIO DE JANEIRO, April 8 (Reuters) - Brazil's Petroleo Brasileiro SA said on Friday that output dropped 5.2 percent in February to 2.65 million barrels of oil and equivalent natural gas a day from a year earlier.
CETY's equipment will generate over a million kilowatt-hours of renewable electricity over the 20-year life of the project by converting 8,000 tons of waste material diverted from landfills each year.
(New throughout, adds analyst comments and oil price moves on the week) By Barani Krishnan April 8 (Reuters) - Money managers slashed their bullish exposure in U.S. crude by the most in three months ahead of a sharp oil price rally this week, trade data showed on Friday. The managers of hedge funds and other investment firms that speculate on oil cut their net longs in U.S. crude options and futures by 21,831 contracts to 177,504 for the week ended Tuesday, the Commodity Futures T
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