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Beijing to shut 2,500 firms this year to fight pollution

SHANGHAI, Jan 9 (Reuters) - Beijing will close 2,500 small polluting firms this year in its latest effort to combat pollution, state news agency Xinhua reported on Saturday, citing the municipal government.

Facing U.S. storm, VW set for easier ride in Europe on emissions scandal

BRUSSELS/LONDON, Jan 9 (Reuters) - Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU sources and legal experts say.

UPDATE 1-Suncor extends bid for Canadian Oil Sands until Jan. 27

TORONTO/CALGARY, Jan 8 (Reuters) - Suncor Energy Inc , Canada's largest oil producer, said on Friday it has extended its hostile bid for Canadian Oil Sands Ltd until Jan.

UPDATE 1-Groups kick off legal challenge to U.S. biofuels standard

NEW YORK, Jan 8 (Reuters) - Seven biofuel and agriculture groups have asked a U.S. court to a review the U.S. Renewable Fuel Standards for 2014, 2015, and 2016, according to a court filing on Friday, kicking off a widely-expected legal battle over the controversial program.

UPDATE 1-At private Goldman confab, U.S. oil drillers add to glut woes

Jan 8 (Reuters) - Goldman Sachs has diagnosed a new reason for the sudden slump in energy industry sentiment this week: talk of agility, not agony, among leading U.S.

2016 brings more pain to U.S. shale companies as crude sinks

BENGALURU/HOUSTON, Jan 8 (Reuters) - Pain is quickly growing more acute in the new year at beleaguered U.S. shale companies as a global supply glut sinks crude further to 11-year lows, putting added financial stress on the most heavily indebted.

UPDATE 3-Shell's BG bid dealt blow with first shareholder dissent

* Shell confident deal will win support in Jan. 27 vote (Adds concern about Brazil risk in 1st, 8th and 9th paragraphs)

CORRECTED-Oil prices below $40 not sustainable for most producers - Wells Fargo

(Corrects company's name to Diamondback Energy Inc from Diamond Energy Inc in first column.

UPDATE 2-U.S. oil rig count lowest since 2010 as drillers step up cuts -Baker Hughes

(Adds graphics to related content box) Jan 8 (Reuters) - The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling, data showed on Friday. Drillers removed 20 oil rigs in the week ended Jan. 8, bringing the total rig count down to 516, the least since April 2010, oil services company Baker Hughes Inc said in its closely followed

Investor confidence hurt by oil producers' weak response to falling prices-Goldman

Jan 8 (Reuters) - Investor confidence deteriorated this week because shareholders felt producers were not being responsive to West Texas Intermediate (WTI) at $35 per barrel and were focusing on their agility rather than potential production cuts, Goldman Sachs analysts said.

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