Bloomberg

Bloomberg

You can read more from Bloomberg at www.bloomberg.com

US Navy seizes tanker, foiling Libya rebel attempt to sell oil

The U.S. Navy thwarted the first attempt by rebels seeking self-rule in eastern Libya to export crude oil from a port they control.  More »

Russian billionaire to buy RWE oil and gas unit

L1 Energy, the investment vehicle of Russia’s fourth-richest man Mikhail Fridman, agreed to buy RWE AG’s Dea oil and gas unit, gaining assets in the U.K., Germany and the North Sea.  More »

Norway’s oil stimulus nears tipping point as growth fades

A near half-decade boom in oil investments in Norway is about to come to an end, sapping momentum in the economy of western Europe’s largest crude producer, the country’s main economic forecaster said.  More »

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 »