Energy Update
NEW YORK, Feb 16 (Reuters) - Top U.S.
Feb 16 (Reuters) - Top oil producers Russia and Saudi Arabia agreed on Tuesday to freeze output levels in what could be the first joint OPEC and non-OPEC deal in 15 years aimed at tackling a growing glut and helping prices recover.
HOUSTON, Feb 16 (Reuters) - A saturated oil storage network in the Caribbean is forcing some South American and African producers to keep selling crude at prices that do not cover production costs, brokers and sources told Reuters.
ERBIL, Iraq, Feb 16 (Reuters) - The deputy prime minister of Iraqi Kurdistan said a dispute with Baghdad over oil sales could easily be resolved if the federal government agreed to cover the region's bloated public payroll, including the salaries of its armed forces.
Feb 16 (Reuters) - Oil and natural gas producer Energy XXI Ltd said it would not make an interest payment due on Tuesday, to continue talks with debtholders related to its capital structure improvement.
The death of U.S. Supreme Court Justice Antonin Scalia on Saturday raises a number of questions regarding the future of the controversial Clean Power Plan (CPP) — none of which have clear-cut answers.
BRUSSELS, Feb 16 (Reuters) - The United States will sign the Paris Agreement on climate change this year regardless of the Supreme Court's decision to put a chunk of President Barack Obama's environmental action on hold, the U.S. climate envoy said on Tuesday.
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