BANGKOK (AP) — The price of oil fell below $93 per barrel Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading.
Chinese Premier Li Keqiang said his country and Pakistan should expand cooperation on power generation to help alleviate Pakistan's energy crisis, Reuters reports.
Sanford C. Bernstein Research projected China's shift to sport utility vehicles will keep pushing up oil demand despite new efficiency measures, Bloomberg reports.
The European Union and the U.S. Trade Representative's office rejected reports that they were working jointly to settle a dispute with China over solar dumping practices, Reuters reports
An international group of solar trade groups issued a statement calling on the European Union and the U.S. to avoid a trade war over solar panels with China, The Washington Post reports.
BEIJING (AP) — China's new leader Xi Jinping will confer with President Barack Obama next month in California, months earlier than expected, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea.
The United States and the European Union plan to negotiate settlements with China for the import of cheaper Chinese solar panels into Western markets, The New York Times reports.
China's climate negotiator said the country is unlikely to import carbon credits amid a push by global diplomats to develop a new emissions market, Bloomberg reports.
KIRUNA, Sweden (AP) — Arctic states agreed Wednesday to let nations that are located nowhere near the Earth's north to become observers to their diplomatic council, boosting rising economic powers China, India and South Korea, which are seeking to mine the region for its untapped energy and other natural resources.
The House approved a bill that would protect electric utilities from environmental fines and lawsuits if the Energy Department orders them to keep power flowing, FuelFix reports.
The Senate Energy and Natural Resources Committee will meet to discuss safe development of shale gas and hear testimony from government and industry officials today, The Hill reports.
Activists and environmentalists launched criticisms against the Environmental Defense Fund for its decision to join industry groups to help develop hydraulic fracturing standards, Bloomberg reports.
Some industry leaders are concerned that shifting opinions and increased legislative action on hydraulic fracturing could hinder their chances to develop Colorado's energy resources, Bloomberg reports.
Dominion Resources Inc. told the Nuclear Regulatory Commission last week that it had removed all nuclear fuel from the reactor at the shuttered Kewaunee Nuclear Plant, the Green Bay Press-Gazette reports.
A Colorado bill to establish a renewable energy mandate for cooperatives has faced a lawsuit and an advertising campaign over whether the bill would incentivize state renewable energy, The Gazette reports.
