Saudi Arabia denies discussion on oil output increase

Riyadh/UNI: Saudi Arabian Energy Minister Abdulaziz bin Salman denied media reports that his country is mulling an oil output increase.

Canada proposes a cap-and-trade system to cut carbon emissions 40-45 pct by 2030

Ottawa/IBNS: Canada is aiming to cut emissions across all sectors by 40 to 45 per cent from 2005 levels by 2030 by using use an industry-specific cap-and-trade system or a modified carbon pricing system to set a ceiling for emissions from the oil and gas sector.

Trump issues veiled threat against OPEC; Oil prices drop

Washington, July 5 (IBNS): Unhappy with surging oil prices, US President Donald Trump on Wednesday in a veiled threat tweeted the Organization of the Petroleum Exporting Countries (OPEC) to reduce prices if they want to continue enjoying the security that America provides them.