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US wind energy output hit record in ’15, industry group says

US wind energy output hit record in '15, industry group says

BRIGHTON, Colo. (AP) — An industry group says wind energy generated a record 191 megawatt-hours of electricity last year, enough for 17.5 million homes. The American Wind Energy Association said Tuesday that wind produced 4.7 percent of the nation’s electricity in 2015. It says coal generated 33 percent and natural gas slightly less than that. The association released the statistics ...

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Russia, Saudis tentatively offer to freeze oil production levels

Russia, Saudis tentatively offer to freeze oil production levels

DUBAI, United Arab Emirates — Russia’s energy minister said Tuesday that his country has agreed with OPEC members Saudi Arabia, Qatar and Venezuela to freeze oil production levels if other producers do the same. The ministry quoted Energy Minister Alexander Novak announcing the decision following an unexpected, closed-door meeting involving the four countries in the Qatari capital, Doha. The meeting ...

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Oil supply buffer could halve as OPEC output rises

OPEC

LONDON – An oil supply shortage may be the last thing on investors’ minds right now, but the ability of OPEC producers to cope with an unexpected surge in demand is diminishing fast, analysts and forecasters say. For years, the Organization of the Petroleum Exporting Countries has pumped much less than it can – as much as 4 million barrels ...

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Russia targets shale oil boom by next decade

By Katya Golubkova ST PETERSBURG, Russia, May 22 (Reuters) – Russia wants a boom in unconventional oil output by the start of the next decade, and is prepared to look east for technology if its ambitions are hindered by Western sanctions over the Ukraine crisis, Russian oil executives said. Russia is now pumping near its capacity of around 10.5 million barrels of ...

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