LONDON, March 23 (Reuters) - Hedge funds have turned super-bearish about U.S. oil prices as concerns about running out of storage trump the drop in the number of rigs drilling new wells.
Ormat is a successful developer of geothermal energy projects. Two former employees have brought a lawsuit alleging that Ormat made inaccurate 1603 Cash Grant submissions to obtain grants for projects that should not have qualified for such grants.
KHARTOUM, March 23 (Reuters) - Leaders from Egypt, Sudan and Ethiopia signed a declaration of principles on Monday relating to Ethiopia's Renaissance Dam on a tributary of the River Nile.
WASHINGTON, March 20 (Reuters) - The U.S. Federal Aviation Administration plans to unveil new steps soon to make it easier for companies to use drone aircraft for specific business operations, according to people with knowledge of the matter.
BEIJING, March 23 (Reuters) - Chinese prosecutors on Monday charged a former senior energy executive with bribery, abuse of power and other corrupt practices, the latest official to face court in a sweeping crackdown on corruption.
GRAPHIC-Oil prices vs US dollar: http://link.reuters.com/zyp74s By Henning Gloystein SINGAPORE, March 23 (Reuters) - The foreseeable end of years of zero interest rate policy in the United States is putting further downward pressure on oil markets, which have already fallen by more than half because of soaring output clashing with slowing demand.
MUMBAI, March 23 (Reuters) - Shares in India's Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday, hit by concerns over the company's ability to feed its power plants after the rejection of its bids for three coal mines auctioned by the government.
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