Energy Update
March 23 (Reuters) - The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd, the world's No.1 oilfield services provider, said on Monday.
WASHINGTON, March 23 (Reuters) - A leading U.S. business lobby group on Monday urged senators to support a bipartisan plan to save the U.S. Export-Import Bank and warned that closing the bank would hurt jobs.
NEW YORK, March 23 (Reuters) - The U.S. government on Monday won the dismissal of a private defamation lawsuit against an influential anti-Iran advocacy group, which it feared could jeopardize national security by revealing state secrets.
WASHINGTON, March 23 (Reuters) - The U.N. nuclear watchdog has had limited progress in its inquiry into possible military dimensions of Iran's nuclear program, although Iran has cooperated with the agency in implementing an interim deal reached with world powers, the agency's chief said on Monday.
MILAN, March 23 (Reuters) - Saras shares jumped to a 42-month high on Monday on speculation Rosneft might raise its stake in the Italian refiner, lured by rising margins in the industry and after cashing in on another investment in Italy.
The debate over expanding US crude exports comes as the American fossil fuel industry finds itself in the midst of a "body swap" movie: policy has not kept pace with a radical change.
ALGIERS, March 23 (Reuters) - Algerian authorities temporarily evacuated nearly 100 Turkish construction workers from a roadway project east of Algiers as a precaution after a threat from militants affiliated with Islamic State, security sources said on Monday.
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