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Worsening Oil Demand Gives OPEC Reason Not To Pump More

Worsening Oil Demand Gives OPEC Reason Not To Pump More

Organization of Petroleum Exporting Countries officials, have been, as in past months, unflappable in the face of oil's meteoric rise Friday to a new peak of more than $139 a barrel, which came on renewed geopolitical tensions and U.S. dollar weakness.

Enel CEO: Italy Needs Nuclear Power To Reduce Gas Hold

Enel CEO: Italy Needs Nuclear Power To Reduce Gas Hold

It's necessary to reintroduce nuclear power in Italy to reduce its dependence on natural gas from countries such as Russia and Algeria, Enel SpA (ENEL.MI) Chief Executive Fulvio Conti said in an interview with daily la Repubblica Monday.

British Energy Board Seen Recommending EdF Bid

British Energy Board Seen Recommending EdF Bid

The board of British Energy Group PLC (BGY.LN) is expected to recommend a GBP10 billion takeover bid by France's Electricite de France (1024251.FR) within two weeks, with an annoucement possible this week, The Observer newspaper reported Sunday.

Gazprom, SUEK Call Off Energy Asset Merger GAZP.RS

Gazprom, SUEK Call Off Energy Asset Merger >GAZP.RS

Russian gas giant OAO Gazprom (GAZP.RS) Monday said it has called off the merger of its electricity assets with the country's biggest coal producer, Siberian Coal Energy Co., or SUEK, confirming a recent media report.

Fury at N-plant Alert

Fury at N-plant Alert

Slovenia was caught in a nuclear controversy yesterday after admitting that it wrongly told other countries that a water leak that forced it to shut down a nuclear reactor was only an exercise.

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.