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IEA Head: Oil Growth May Fall;Must Curb Emissions

IEA Head: Oil Growth May Fall;Must Curb Emissions

The head of the International Energy Agency said Friday that high crude prices could see its global oil demand forecasts cut further and that billions of dollars of investments are required to boost energy efficiency and cut emissions.

RWE Innogy Acquires Wind Power Projects In Czech Republic

RWE Innogy Acquires Wind Power Projects In Czech Republic

German renewable energy company RWE Innogy GmbH, a division of RWE Group (RWE.XE), said Friday it is taking over six wind power generation projects in the Czech Republic from Aufwind Schmack GmbH Neue Energien, as well as its local project development company AFE Bohemia s.r.o.

Russia To Double Ukraine Gas Price

Russia To Double Ukraine Gas Price

Russia will almost double the price it charges Ukraine for gas from Jan. 1, 2009, Russian Foreign Minister Sergei Lavrov said Friday as the two countries' presidents met here.

Russias Medvedev Meets With Leaders Of Ex-Soviet Alliance

Russia's Medvedev Meets With Leaders Of Ex-Soviet Alliance

Russian President Dmitry Medvedev met Friday with leaders of a fractious alliance of former Soviet republics, ranging from autocratic Kremlin allies to pro-Westerners determined to escape Moscow's shadow.

OSCE Calls For Closer Cooperation With Turkmenistan

OSCE Calls For Closer Cooperation With Turkmenistan

The Organisation for Security and Cooperation in Europe Thursday said it wanted to intensify its cooperation with Turkmenistan in an attempt to promote reforms and stability in the gas-rich former Soviet republic.

IEA Tanaka: Current Crude Oil Prices Are Too High

IEA Tanaka: Current Crude Oil Prices Are Too High

Current crude oil prices are too high because of tight supplies, but market fundamentals are now changing as demand is slowing in some countries, the head of the International Energy Agency said Friday.

Russias Medvedev Visits Germany On 1st European Trip As Pres

Russia's Medvedev Visits Germany On 1st European Trip As Pres

Russian President Dmitry Medvedev visits Germany on Thursday, making his first Western trip since succeeding Vladimir Putin at a time when the European Union and Russia are preparing to start much-delayed talks on a new strategic partnership.

Azerbaijan To Nearly Double Gas Production By 2015

Azerbaijan To Nearly Double Gas Production By 2015

Azerbaijan plans to nearly double its production of natural gas by 2015 as it ramps up production at the enormous Shah Deniz gas field, an official at state energy firm SOCAR said Wednesday.

Total Close To Signing Azerbaijani Oil, Gas Deal

Total Close To Signing Azerbaijani Oil, Gas Deal

French energy group Total SA (TOT) is close to signing a deal to develop an offshore oil and gas field in ex-Soviet Azerbaijan, a local news agency reported Wednesday.

WSJ(6/5) Lukoil 1Q Net Profit Jumps

WSJ(6/5) Lukoil 1Q Net Profit Jumps

Russian oil producer OAO Lukoil Holdings said its first-quarter net profit more than doubled and called for heftier tax cuts for the industry.

EU Solana To Visit Iran, Plays Dn Chances On Nuclear Progress

EU Solana To Visit Iran, Plays Dn Chances On Nuclear Progress

European Union foreign policy chief Javier Solana said Wednesday he was set to visit Tehran for fresh nuclear talks but didn't expect any "miracles" in efforts to convince Iran to suspend uranium enrichment.