James Fontanella-Khan Spot news

BP says it may spend as much as $20bn in Iraq
UK oil group signed a preliminary contract with Iraq and China (Bloomberg)

Eon puts Kingsnorth plant on hold
German energy group says plant will probably not be operational until 2017 (FT)

Peak oil could hit soon, report says
Worldwide production could peak in the next decade (Guardian)

Climate talks end with dispute over abandoning Kyoto agreement
EU moving to kill Kyoto Protocol, says Saudi negotiator (Bloomberg)

US Energy Secretary hails companies that left Chamber
Steven Chu backs green attitude among corporates (Reuters)

Defiant Chamber Chief Says ‘Bring ’Em On’
“We’re not changing where we are,” Thomas Donohue