Energy Update
KUWAIT CITY, Jan 26 (Reuters) - OPEC kingpin Saudi Arabia and top non-OPEC producer Russia are showing signs of flexibility about agreeing to tackle an oil glut that has pushed prices to 12-year lows, the oil minister of Iraq said on Tuesday.
A shift to wind and solar power and an expanded electric grid would allow the U.S. to reduce greenhouse-gas emissions from electricity production by as much as 80 percent without raising power costs, according to a study published Monday in the journal Nature Climate Change.
MOSCOW, Jan 26 (Reuters) - The head of Russia's Security Council said in a newspaper interview published on Tuesday that the United States wanted a weakened Russia so as to gain access to its vast mineral resources.
ANTWERP, Belgium, Jan 26 (Reuters) - Oil markets will fail to balance until as late as 2017, industry figures said on Tuesday, as increased production from OPEC offsets any decline from unconventional sources of crude.
BRUSSELS, Jan 26 (Reuters) - The European Union is discussing imposing travel bans and asset freezes on at least two Libyans seen as blocking efforts by the United Nations to form a government of national unity, diplomatic sources said on Tuesday.
PARIS, Jan 26 (Reuters) - French utility EDF said on Tuesday it had signed a preliminary agreement with Nuclear Power Corp of India Ltd (NPCIL) to build six nuclear reactors at Jaitapur, in the west of India.
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