Texas Oil Companies Work To Adapt To Falling Oil Prices

Energy firm E.On has announced a 5.1% reduction in its standard gas price for residential customers. [BBC News]

In an AP interview, Iran’s foreign minister is decrying what he calls the United States’ “addiction to coercion” with its new sanctions against Iran over ballistic missile tests. [ABC/AP]

The oil price slump below $30 barrel is spurring some of the world’s biggest oil exporters to curb domestic consumption of fossil fuels and invest in wind and solar power, according to government officials meeting in Abu Dhabi. [The Guardian]