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Oil

Gulf states will let oil price fall further, say ministers

NEWS: Saudi refusal to cut oil production could drive prices lower and make tar sands, deepwater and shale projects unviable

Oil price crash proves renewables are future – UN climate chief

NEWS: Volatility of crude prices demonstrates need to target energy system with free fuel, argues Christiana Figueres

Oilfield expansion unsustainable amid tumbling prices – OPEC

NEWS: OPEC president warns new oilfields could be unsustainable as prices fall to 4-year low, while activists target Exxon Mobil

Oil tanker trains threaten to trash US northwest

NEWS: America’s expanding oil production threatens the pristine region of the country with a rash of new oil terminals along coast

Shell prepares for 2015 Arctic drilling

NEWS: Shell could drill in fragile environment next year, despite failure to deal with tar sands pollution

Oil majors gambling US$91bn on 20 high-risk projects

NEWS: Tar sands and deep sea oil projects are bad for business as well as the environment, analysts warn

Should the arts reject money from oil companies?

COMMENT: As churches and universities divest from fossil fuels, it’s time for the cultural industries to follow suit

Exxon Mobil dismisses climate change risks to future growth

NEWS: Fossil fuel giant says ‘stranded assets’ are not a risk to the company, as the world needs all its oil

Canada tar sands set to benefit from EU 2030 climate plan

EU proposal to drop curbs on imported fuels could boost CO2 emissions from transport by 32 megatonnes

US committed to cutting fossil fuel use despite shale oil boom

US energy secretary Ernest Moniz promises new age of innovation in energy efficiency

Lord Browne: Fracking will not bring down energy bills

Friday’s top 5: Lord Browne says fracking will not decrease energy bills, China to raise coal threshold, Oil drilling in Pechora Sea to begin in 2014, Australian bushfires linked to Indian Ocean temperature increase, Big six told to hold price increase

Shell hopes Arctic drilling will resume in 2014

Shell hopes Arctic drilling will resume in Chukchi Sea next year, after setbacks caused programme to be suspended this summer

Ecuador abandons Yasuni initiative to stop Amazon drilling

Morning summar: Ecuador had sought US$3.6 billion in contributions to maintain a moratorium on drilling, but claims it has only received US$13 million in donations

North Dakota gas flares equal to a million extra cars on road

Natural gas flaring in North Dakota, which can be seen from space, has more than doubled to 30% since 2011

Brazil at climate change crossroads – Carbon Tracker

Government faces tough decisions over whether to back expanding renewable energy sector or increase investment in its huge deep-water oil reserves

Five reasons why an oil-free future is possible

The IEA reports that non-OECD countries overtook their OECD counter parts for the first time, but what alternative do they have?

Could ‘economic peak oil’ rival the banking crisis?

New report warns ‘economic peak oil’ could cripple the world’s economies by 2014 – increasing need for governments to choose low carbon path

Climate Live: US drought send food prices up, England tracks natural capital and China oil industry becomes player in North Sea

Today’s top headlines: US set to see food price rises because of drought, England tracks natural capital and China enters the North Sea oil industry.

IEA chief: Stop oil subsidies from meddling with fuel prices

Maria van der Hoeven calls for governments to let high oil prices cut consumer demand.

Water summit underlines growing importance in Middle East

Crown Prince of Abu Dhabi says ‘water more important than oil’ for Middle East.

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