HA NOI — "Fossil fuel subsidies should be phased out and a price set
on carbon," the United Nations Development Programme (UNDP) in Viet Nam
recommended in a discussion paper launched yesterday. SEE MORE Brent fell from the highest price in nine months amid speculation that
violence in Iraq won’t spread to the main oil-producing areas in the
nation’s south. West Texas Intermediate was steady in New York. SEE MORE VietNamNet Bridge – The Ministry of Finance once had money to pay
foreign debts but now has very little, as most of its funds have been
used to pay the debts of state-owned company’s cement projects. SEE MORE American Electric Power expects its coal burn to be 10-15% higher in
2014 than previous projections of about 55 million st, a spokeswoman
said Tuesday. SEE MORE West Texas Intermediate crude headed
for the biggest weekly advance since December and Brent gained
as escalating violence in Iraq threatened supplies from OPEC’s
second-largest oil producer. SEE MORE