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Proposed Clean Power Plan rule cuts power sector CO2 emissions to lowest level since 1980s

(Tue, 26 May 2015) In June 2014, the U.S. Environmental Protection Agency (EPA) proposed a rule to regulate carbon dioxide (CO2) emissions from existing power plants under section 111(d) of the Clean Air Act. EIA's newly released analysis of the proposed rule shows power sector CO2 emissions falling to about 1,500 million metric tons per year by 2025, a level not seen since the early 1980s, in the Base Policy case.

Australia shares scale 3-wk high as utilities, resources shine

SYDNEY/WELLINGTON, May 26 (Reuters) - Australian shares jumped to a three-week peak on Tuesday, after a rebound in iron ore prices prompted investors to buy recently battered resource stocks, while AGL Energy soared on plans to sell assets and cut costs.

UPDATE 1-Taiwan offers South China Sea peace plan to avert "major conflict"

TAIPEI, May 26 (Reuters) - Taiwan proposed a peace initiative on Tuesday to resolve territorial disputes in the South China Sea that its says will reduce tensions that have put Beijing at odds with its neighbours and the United States.

Return of crude/dollar trade fuels oil market dilemma ahead of OPEC

May 26 (Reuters) - A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.

UPDATE 3-China looks to boost use of yuan in Latin America

SANTIAGO, May 25 (Reuters) - Chile's central bank and the People's Bank of China are clearing a path for the use of the Chinese yuan in South America as the two countries look to strengthen their trade relationship.

RPT-COLUMN-China boosts oil trading visibility, market power: Russell

--Clyde Russell is a Reuters columnist. The views expressed are his own.--

Oil prices steady but indications rally running out of steam

SINGAPORE, May 26 (Reuters) - Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam.

Carbon signs debt financing agreement for three petrochemical projects in Egypt

Gulf Capital has signed a debt financing agreement with Egypt's petrochemicals holding company, Carbon, to support three industrial projects in Ain Al Sokhna on the Suez Canal in Egypt.

Alberta energy minister inexperience a concern for industry

CALGARY, Alberta, May 25 (Reuters) - Canada's oil and gas industry is concerned about the inexperience of Alberta's new energy minister, but is ready to give her the benefit of the doubt for now as she takes on the closely watched role, analysts and executives said on Monday.

U.S., Canada and Mexico create new climate change partnership

OTTAWA, May 25 (Reuters) - North American energy ministers said on Monday they had set up a working group on climate change and energy, a partnership designed to help Canada, the United States and Mexico harmonize policies.

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