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OPEC December oil output slips, still near record

LONDON, Jan 5 (Reuters) - OPEC oil output fell in December, a Reuters survey found on Tuesday, led by lower supply from Iraq following a record-breaking month in November and smaller declines elsewhere in the producer group.

Low Oil Prices Hinder Biofuel Maker's Business Strategy

Global Bioenergies SA, an unprofitable French maker of sugar-based gasoline, said oil’s recent slump to $35 a barrel is testing the financial viability of its biofuel technology even as it plans expansion in the U.S.

Energy Storage Costs Expected to Slide 41 Percent by 2020, GTM Says

The cost of installing energy storage systems is expected to decline 41 percent over the next five years as key components get cheaper, according to a report by GTM Research.

Algerian government lays out draft constitutional reforms

ALGIERS, Jan 5 (Reuters) - Algeria's government on Tuesday unveiled draft constitutional reforms, including a two-term presidency limit, an obligatory consultation with parliament to name prime ministers and making local Amazigh an official language.

UPDATE 1-IMF chief welcomes Nigeria's anti-corruption drive, urges diversification

ABUJA, Jan 5 (Reuters) - The head of the International Monetary Fund endorsed on Tuesday Nigeria's efforts to tackle corruption, while saying the country needed to reduce its reliance on oil, sharp falls in the price of which have crippled its economy.

Sunny Sky but Loonie Shy: Canada’s Peculiar Aversion to Federal Support for Renewable Energy Deployment

When it comes to federal support for renewable energy deployment, the difference between Canada and the U.S. can be summed up in a quote by the late actor Robin Williams: “Canada is like a sleepy loft apartment over a really great party.”

Sri Lanka, Pakistan to include services in trade pact

COLOMBO, Jan 5 (Reuters) - Sri Lanka and Pakistan have agreed to include services in a bilateral free trade agreement (FTA), Pakistani Prime Minister Nawaz Sharif said on Tuesday.

IMF chief says not in Nigeria to negotiate loan, calls for wider revenue base

ABUJA, Jan 5 (Reuters) - International Monetary Fund chief Christine Lagarde said on Tuesday she was not in Nigeria to negotiate a loan and urged Africa's biggest economy to diversify its revenue to try and get out of an economic crisis fuelled by the fall in oil prices.

UPDATE 1-Islamic State militants target Libya's Es Sider oil port for second day

BENGHAZI, Libya, Jan 5 (Reuters) - Islamic State militants resumed shelling near the Libyan oil port of Es Sider on Tuesday and an oil storage tank in the port was hit by a long-range rocket causing a fire, a petroleum guards spokesman said.

Islamic State militants target Libya's Es Sider oil port for second day

BENGHAZI, Libya, Jan 5 (Reuters) - Islamic State militants resumed shelling near the Libyan oil port of Es Sider on Tuesday and an oil storage tank in the port was hit causing a fire, a petroleum guards spokesman and the National Oil Corporation said.

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