Energy Update
BOSTON, Aug 12 (Reuters) - Pope Francis heartened environmentalists around the world in June when he urged immediate action to save the planet from the effects of climate change, declaring that the use of "highly polluting fossil fuels needs to be progressively replaced without delay."
LONDON, Aug 12 (Reuters) - Iran could raise its oil output by as much as 730,000 barrels per day (bpd) from current levels fairly quickly after sanctions are removed, the International Energy Agency said on Wednesday.
JOHANNESBURG, Aug 12 (Reuters) - South Africa's National Union of Mineworkers (NUM) rejected salary increases between of 5 percent to 6.5 percent on Wednesday from the employers' body, the Chamber of Mines, and said the offer was "insulting."
JOHANNESBURG, Aug 12 (Reuters) - South Africa's National Union of Mineworkers rejected salary increases between of 5 percent to 6.5 percent on Wednesday from the employers' body, the Chamber of Mines, and said the offer was "insulting."
LONDON, Aug 12 (Reuters) - World oil demand is growing at its fastest pace in five years thanks to rebounding economic growth and low prices, but global oversupply is so great that it will last through 2016, the West's energy watchdog said on Wednesday.
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