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(Bob Owen/San Antonio Express News)

Solar power hits the brakes amid incentive cuts in Asia, Europe

As more countries begin to implement plans to reach climate goals agreed to in Paris last year, the global solar industry will again accelerate to about 20 percent annual growth over the next few years.
Kurdistan needs oil revenue to mobilize its peshmerga fighters in the battle against the Islamic State. (PHOTO: AHMAD AL-RUBAYE/AFP/Getty Images)

Oil plunge imperils Iraq’s fight with Islamic State, Abadi says

The conflict with Islamic State, which swept through swaths of northern Iraq in the summer of 2014, has destroyed economic infrastructure, disrupted trade and discouraged investment.
(AP file photo/Sue Ogrocki)

Valero raises dividend

U.S. refiners have fared better than other parts of the energy industry during the downturn, as cheaper crude prices have boosted their margins
Nigerian oil minister Emmanuel Ibe Kachikwu (L) speaks during the 7th Gulf Intelligence UAE Energy Forum meeting in Abu Dhabi, on January 12, 2016.         
Kachikwu said that he expects an extraordinary meeting of the oil cartel in "early March" to address nosediving crude prices.

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OPEC nations talk oil policy at Davos

Nigeria’s oil minister, speaking on a panel at the World Economic Forum in the Swiss resort, said the Organization of Petroleum Exporting Countries needs to meet soon as crashing prices force the group to reconsider its current laissez-faire policy.

As crude’s crash punishes Venezuela, calls for OPEC help grow

Brent oil in London has dropped more than 60 percent since November 2014, when OPEC decided to refrain from cutting output in the face of a global oversupply in an effort to defend market share.
A boat of tourists moves on Dubai creek, with the city skyline in the background in Dubai, United Arab Emirates. (AP file photo/Kamran Jebreili)

Cheap oil means 1,500 Middle East bankers looking for jobs

The oil slump is draining billions of dollars from the banking system, stock markets are volatile, investment is slowing and global banks are firing workers to boost returns.
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

SEC looking into Flotek

Flotek Industries, a supplier of equipment and materials for hydraulic fracking, said the U.S. Securities and Exchange Commission is investigating its FracMax software and the efficacy of one of the company’s chemicals.

A woman walks past a Sinopec neon sign in Hong Kong 30 October 2006 .

Sinopec sees oil sands venture improving on larger suncor stake

Suncor secured a deal to buy Canadian Oil Sands for about C$4.2 billion ($2.9 billion) by sweetening its offer after earlier bids were rejected.
Original byline: Jim Blecha/

Meet the energy hedge funds that made money while oil plunged

The energy sector had a few strong performers despite the overall turmoil.
(AP Photo/Hasan Jamali)

Kurdish oil producers defying $30 crude prompt “buy” bonanza

Genel Energy Plc and DNO ASA have buy ratings from more than 70 percent of analysts tracked by Bloomberg. The reason? A tight rein on costs and abundant output.