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OPEC production surges as Iraq pumps most in 35 years

OPEC crude production rose above its target for the first time in five months as Iraq pumped the most in 35 years, according to the International Energy Agency.  More »

IEA raises 2014 oil demand estimate as world economy recovers

Oil demand will be higher in 2014 than previously estimated as global economic growth recovers, the International Energy Agency said. Pressure on supplies will ease in coming months as seasonal consumption dips.  More »

Green push blows away German coal-power profits

German Chancellor Angela Merkel’s campaign to limit climate change with an energy system based on renewable sources is cutting into profits of companies that still provide 57 percent of the power that keeps Europe’s biggest economy humming.  More »

Senator: Energy technology needed to combat climate change

The U.S. has made progress at addressing climate change, but additional technologies are needed to promote the use of abundant energy resources while combating emissions, Sen. Lisa Murkowski, R-Alaska.  More »

Power-grid attack fuels debate over threat of snipers vs. hackers

U.S. energy regulators’ efforts to harden the power grid against snipers and terrorists are fueling a debate over whether they’re diverting resources from other threats, like cyber attacks.  More »

Company plans $2B Ethiopian power project on imploded volcano

Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.  More »

Judge rejects BP bid to halt Gulf spill payments

U.S. District Judge Carl Barbier denied BP’s request without an explanation.  More »

Clinton Keystone dodge prompts donors to rethink support

Wealthy Democratic environmentalists are considering withholding support for a 2016 Hillary Clinton presidential bid unless she reassures them about their top priority: Killing the Keystone XL pipeline.  More »

South Africa oil-stake demand risks derailing new industry

South Africa’s plans to muscle in on new oil and gas ventures threaten to derail a fledgling industry, undermining state efforts to safeguard energy security and curtail imports.  More »

Lukoil considers investments in Russian wind farms

OAO Lukoil may turn to Russia for future renewable energy projects as its units in Bulgaria and Romania are hurt by subsidy reductions.  More »

US Supreme Court seeks middle ground on shareholder suits

Hearing arguments Wednesday in Washington, the justices considered a bid by Halliburton Co. to overturn a 1988 decision that forms the legal basis for 80 percent of the group securities suits filed each year.  More »

Chevron wins US ruling calling Ecuador judgment fraud

Chevron Corp. won a U.S. judge’s ruling that a multibillion-dollar pollution judgment issued in Ecuador was procured by fraud, making it less likely that plaintiffs will collect the $9.5 billion award.  More »