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UPDATE 3-U.S., Iran resume talks on preliminary nuclear deal as deadline looms

* Unclear if Saudi action will affect nuclear talks (Adds Iranian nuclear chief Salehi)

UPDATE 1-Maurel et Prom slashes exploration budget as oil prices stay weak

PARIS, March 26 (Reuters) - French oil and gas exploration and production group Maurel et Prom has slashed its exploration budget by more than 60 percent and said it plans to shed some projects as low oil prices weaken its ability to generate cash.

U.S. will work to ensure Bab-el-Mandeb strait remains open -U.S. general

WASHINGTON, March 26 (Reuters) - The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen, the head of U.S. forces in the region said on Thursday.

UPDATE 2-Yemen shuts major ports due to conflict -sources

DOHA, March 26 (Reuters) - Yemen shut its major seaports on Thursday, industry and local sources said, after neighbouring Saudi Arabia and Arab allies launched air strikes against Iran-allied Houthi forces fighting Yemen's Western-backed president.

IMF says postpones Yemen loan program for now

WASHINGTON, March 26 (Reuters) - The International Monetary Fund on Thursday said it was postponing its next review of its $553 million loan program to Yemen given the uncertain situation in the country.

UPDATE 1-Saudi drawing down FX reserves to cover deficit, data suggests

DUBAI, March 26 (Reuters) - Saudi Arabia has begun drawing down its foreign currency reserves for the first time since 2009 to cover a record state budget deficit caused by the plunge in oil prices, data from the Saudi central bank indicated on Thursday.

Saudi drawing down FX reserves to cover deficit, data suggests

DUBAI, March 26 (Reuters) - Saudi Arabia has begun drawing down its foreign currency reserves for the first time since 2009 to cover a record state budget deficit caused by the plunge in oil prices, data from the Saudi central bank indicated on Thursday.<

Clean Energy Makes Up Record Share of UK Power with Coal-to-Biomass Conversions

U.K. electricity from low-carbon sources accounted for almost a quarter of the country’s generation in the fourth quarter as Drax Group Plc converted a second coal-power plant to burn wood.

Brazil police allege billion-dollar corruption at tax office

BRASILIA, March 26 (Reuters) - Brazil's tax agency said on Thursday that it and federal police have detected corrupt activities at the agency that could have cost state coffers at least 5 billion reais ($1.57 billion).

Lifting State Limits on Local Power

In the first half of 2014, distributed local solar power constituted over 25 percent of new power plant capacity. This impressive growth continues several years where solar power has grown by leaps and bounds, producing power right where it's needed and juicing up local economies. But many states have limited how much of their electricity can come

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