By Scott DiSavino (Reuters) -Power prices in Texas soared on Friday with electric use expected to hit a record high as homes and businesses blasted their air conditioners to escape another sweltering heat wave. So far this week, the state’s electric grid operator has passed several reliability tests after urging…

By Nina Chestney and Susanna Twidale LONDON (Reuters) – Britain’s latest subsidy auction for new renewable energy projects failed to attract bidders from the offshore wind industry, raising fears among developers and environmental groups that the country may struggle to meet its climate goals. Over the last two decades, the…

HOUSTON (Reuters) -The U.S. on Friday confirmed it disrupted in April a multimillion-dollar shipment of by Iran’s Islamic Revolutionary Guard Corps, seizing more than 980,000 barrels of contraband crude oil that violated U.S. sanctions. In a sanctions enforcement operation, the U.S. confiscated cargo onboard the Suez Rajan, a Marshall Islands…

BUCHAREST (Reuters) – Romania’s government will approve on Friday a plan to upgrade road infrastructure in the Black Sea (NYSE:) port of Constanta, part of wider investments in the port which could help more Ukrainian grain to transit. Constanta is Ukraine’s largest alternative export route, with grains arriving by road, rail or…

PARIS (Reuters) -Wine production in France is expected to fall 2% this year, with major disparities between regions after some vineyards were severely hit by fungal diseases while good weather in other regions boosted potential output, the French farm ministry said. Total wine production in France is expected to reach…

By Yousef Saba and Rachna Uppal DUBAI (Reuters) – Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving. Riyadh says it aims to stabilise the oil…

NEW DELHI (Reuters) – Leaders of the Group of 20 major economies began arriving in New Delhi on Friday for their annual gathering as negotiators struggled to bridge differences over the war in Ukraine, seeking to build consensus for a successful summit host India wants. Slums, monkeys and stray dogs…

Investing.com– Gold prices rose slightly from a 10-day low on Friday, taking some relief as the dollar retreated from a near six-month high, while weak data from Japan and fears of worsening U.S.-China tensions also drove some safe haven demand for the yellow metal. But gold prices were still headed…

By Yuka Obayashi TOKYO (Reuters) – Oil prices fell for a second session on Friday, weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening supplies. futures slid 33 cents, or 0.4%, to $89.59 a barrel by…

Investing.com– Consolidation in oil markets continued in Asian trade on Friday, with prices falling further below 10-month peaks as a mix of profit taking, strength in the dollar and fears of an economic slowdown in major consumers weighed.  Crude prices retreated on Thursday, shrugging off a positive U.S. inventory report…