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UPDATE 1-Rivalries, squabbles hinder Libya's unity government

* Sticking points included size of cabinet, army appointments

California upholds critical solar policy

Jan 28 (Reuters) - California regulators on Thursday upheld a key policy that makes rooftop solar systems affordable by allowing homeowners to sell the electricity they don't use back to their local utility.

UPDATE 1-Iran starts to slowly offload oil stored on its tankers at sea

LONDON, Jan 28 (Reuters) - Iran is slowly winding down stocks of oil stored on tankers close to its shores and the process is likely to take longer than Tehran had wanted, despite the lifting of international sanctions this month.

The Cheapest Way to Scale Up Wind and Solar Energy? High-tech Power Lines

Wind power and solar power are ways to reduce carbon emissions, but these generation sources are dependent on the vagaries of the weather, which means neither wind nor solar can produce electricity on-demand at all hours of the day. This variability has led many to assume that greatly expanding wind and solar to reduce carbon emissions will cause electricity costs to skyrocket and require expensive energy storage.

UPDATE 2-Petrobras cuts management, streamlines as it fights graft, oil drop

RIO DE JANEIRO, Jan 28 (Reuters) - Brazil's Petrobras said on Thursday it will cut about one in five management jobs, streamline operations and boost oversight as the state-led oil company adapts to low oil prices and tries to boost confidence after a corruption scandal.

European shares fall, hit by weak earnings and banks

* Oil sector rises after Brent hits three-week high (Adds closing prices)

Russian oil output cuts: where there's a will there's a way

WEST SIBERIAN OIL FIELDS/MOSCOW, Jan 28 (Reuters) - Russia's oil industry has argued for years that it cannot cut output to support falling global prices for purely technical reasons; in reality it can - as long as it has the political will.

WRAPUP 2-Lower oil prices squeezing U.S. manufacturing sector

WASHINGTON, Jan 28 (Reuters) - New orders for long-lasting U.S. manufactured goods in December recorded their biggest drop in 16 months as lower oil prices and a strong dollar pressured factories, the latest indication that economic growth braked sharply at the end of 2015.

UPDATE 2-Norway wealth fund's ethics watchdog probing 14 corruption cases

* Watchdog says Petrobras needs to do more to reform (Recasts with comment on corruption cases)

UPDATE 10-Oil soars towards $34 on possible production cuts

NEW YORK, Jan 28 (Reuters) - Oil rose on Thursday after a Russian official said that Saudi Arabia had proposed that oil-producing countries cut output by up to 5 percent each, amid a global supply overhang that has depressed prices for over a year and a half.

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