The Asian Development Bank (ADB) is extending 780 million U.S. dollars in loans to Pakistan through a multi-tranche financing facility for priority energy efficiency projects that will secure the country's growing energy needs and reduce its reliance... [more]

Renault SA Chief Executive Officer Carlos Ghosn said the future of electric cars depends on a rebound in oil prices that may boost sales of the battery-powered vehicles he's spending 4 billion euros ($5.9 billion) to develop. If it's less than $70,... [more]

Oil prices continued to rise on Wednesday as U.S. crude inventories decreased more than expected and Wall Street jumped to a one-year high. Light, sweet crude for October delivery rose 1.58 dollars, or 2.2 percent, to settle at 72.51 dollars a ... [more]

Oil prices continued to drop on Monday as the U.S. dollar rebounded after striking a new low for the year. Light, sweet crude for October delivery fell 43 cents to settle at 68.86 dollars a barrel on the New York Mercantile Exchange. The ... [more]

Vietnamese Deputy Minister Hoang Trung Hai approved a national strategy on development of green industry by 2020 to ensure sustainable development, said a report of the Vietnamese government website on Monday. According to the strategy, 50 perc... [more]

Crude tumbled more than 4 percent on Friday on fears that the current economic conditions could not justify a higher oil price. Light, sweet crude for October delivery plummeted 2.65 U.S. dollars, or 3.7 percent, to settle at 69.29 dollars a ba... [more]

Despite the global economic downturn, China is fast becoming the world leader in the race to develop and commercialize low carbon technologies, amid the efforts to slow down the global warming, a new report by the London-based Climate Group has found... [more]

China's market for green technology solutions could reach $1 trillion annually, about 15 percent of its forecast GDP in 2013, according to a report released yesterday at the Summer Davos forum in Dalian. That sounds like a very big number, said R... [more]

Oil prices rose for a third straight day on Thursday as government report showed U.S. crude inventories dropped more than expected. According to the U.S. Energy Department's Energy Information Administration (EIA), crude stockpiles dropped by 5... [more]

The U.S. trade deficit jumped 16.3 percent to 32 billion dollars in July, the highest level in six months, the Commerce Department said Thursday. The July deficit was much higher than the 27.4 billion dollars expected by economists. The h... [more]