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Brent holds above $40 as investors call bottom on commodity rout

SINGAPORE, March 8 (Reuters) - Brent crude oil prices remained over $40 a barrel in early trade on Tuesday, after jumping to a 2016-high the previous session as more producers announced talks to support the market and investors opened new bets on further price rises.

COLUMN-Oil prices expected to recover to around $70 by 2020: Kemp

LONDON, March 7 (Reuters) - Oil prices are expected to rise gradually over the next five years but will remain well below the pre-crash level, according to a survey of professionals who follow the oil industry.

G2X Energy partenrs with engineering firms for Lake Charles methanol plant

G2X Energy, a developer of advanced natural gas to methanol projects, along with their strategic partner the Proman Group, have entered into an engineering services contract with Toyo Engineering (Toyo) for the detailed engineering needs on their previously announced world-scale methanol production facility located in Lake Charles, Louisiana.

Ambani's $20 bln bet on TV, telecoms may rekindle wealthy brothers' rivalry

MUMBAI, March 8 (Reuters) - India's richest man, Mukesh Ambani, is muscling into the country's cable TV sector as part of a media and telecoms offensive that pits him against his once-estranged younger brother and threatens to shake up both industries.

South Korean Grid Will Soon Boast World’s Largest Energy Storage System

On March 8, Kolkam Co announced that it had deployed two battery energy storage systems powered by nickel manganese cobalt oxide in South Korea. The company installed a larger 24-MW / 9-MWh system and a 16 MW / 6 MWh system both of which will perform frequency regulation for Korea Electric Power Corporation (KEPCO). The company said that 24 MW / 9 MWh system is the largest capacity Lithium NMC ESS used for frequency regulation in the world.

Oklahoma expands plan to curtail earthquakes in state

OKLAHOMA CITY, March 7 (Reuters) - Oklahoma's oil and gas regulator released an expanded plan on Monday that will curtail wastewater injection volumes and well depth to deal with the state's increasingly frequent earthquakes.

Brazil’s hydro capacity to grow by more than 5,000 MW in 2016

Brazil’s Ministerio de Minas e Energia states in its latest power sector bulletin that installed generating capacity in the country is forecast to grow by 7,739 MW, with 65% of that growth coming from hydro plants.

Oregon Legislature Passes 50 Percent Renewable Portfolio Standard

The Oregon House and Senate last week passed a bill requiring PacifiCorp and Portland General Electric (PGE) to obtain from renewables 50 percent of the electricity they supply their customers by 2040. The bill also sets a timetable for eliminating coal-fired electric power in the state.

UPDATE 1-Second-biggest U.S. shale output drop seen for April -EIA

NEW YORK, March 7 (Reuters) - U.S. shale oil production in April is expected to chalk up the second-largest monthly decline on record, and the sixth straight monthly decrease, a U.S.

Amazonian tribe in Peru takes hostages after oil spill

LIMA, March 7 (Reuters) - An indigenous community in the Peruvian Amazon took at least eight public officials hostage to demand help from the central government after an oil spill polluted its lands, authorities said Monday.

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