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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.

UPDATE 3-Oil jumps as Russia says Saudis proposing global oil cut

* Iran output increase complicates outlook (Adds Iranian position, context)

French, Finnish reactor problems cast shadow over UK nuclear plan

PARIS, Jan 28 (Reuters) - Intractable problems at two nuclear plants under construction in France and Finland threaten more delays to EDF's plan to build four nuclear reactors in Britain.

Total of deals signed between France, Iran worth 15 bln euros - source

PARIS, Jan 28 (Reuters) - France and Iran signed agreements worth about 15 billion euros during the visit of President Hassan Rouhani, a French diplomatic source said on Thursday.

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