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Italy's Renzi under pressure over influence peddling scandal

ROME, April 1 (Reuters) - Italy's main opposition parties said on Friday they would present a no-confidence motion in Prime Minister Matteo Renzi's government after his industry minister quit in a scandal over allegations of influence peddling.

China's Grid Operator Blames Bad Planning for Idled Renewable Energy

State Grid Corp. of China, which manages the electricity grid in the world’s most populous nation, blamed a lack of planning for congestion in its network that forced authorities to limit the amount of power renewable energy generators can sell.

European Solar Market Struggling to Retain Scale

If it wasn’t for the U.K., Europe’s solar power market would have flat-lined last year, according to new industry figures that reveal the world’s biggest market for the technology is struggling to retain its scale.

UPDATE 1-Brazil's Petrobras says to save $9 bln with voluntary layoffs

BRASILIA, April 1 (Reuters) - Executives of Brazil's state-run oil producer Petroleo Brasileiro SA approved a voluntary layoff program to cut about 12,000 jobs and save 33 billion reais ($9.20 billion) by 2020, the company said in a statement on Friday.

Geologist tipped as Iraq's oil minister may facilitate deal with Kurds

ERBIL, Iraq, April 1 (Reuters) - The man nominated to be Iraq's new oil minister is a Kurdish petroleum geologist who could end a bitter dispute with the northern self-rule region and free up more oil exports through a pipeline to Turkey.

UPDATE 2-Monaco raids Unaoil offices over global oil corruption probe

* Report links oil companies to corrupt practices (Adds Serious Fraud Office, Eni comment)

MOU introduces a new twist to the story of London's gold market

London, the traditional home/hub of the world’s gold trade, could be slowly losing its grip on power as more and more of the world’s physical gold moves from London’s vaults to Asia.

RPT-As US shale drillers suffer, even the bankrupt keep pumping oil

April 1 (Reuters) - As oil prices nosedived by two-thirds since 2014, a belief took hold in global energy markets that for prices to recover, many U.S.

UPDATE 1-Drax sees 2016 profit at top end of forecasts on National Grid deal

April 1 (Reuters) - Drax Group Plc said it expects core profit for 2016 to be towards the top end of market forecasts, after it signed a contract with National Grid Plc to provide services that would help ensure British electricity transmission systems work reliably.

Appaloosa raises stake in SunEdison unit TerraForm Power

April 1 (Reuters) - Hedge fund Appaloosa LP said on Friday it owned a 10.88 percent stake in TerraForm Power Inc, one of the two publicly listed units of struggling solar company SunEdison Inc.

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