Bloomberg Centrica Plc will scrap its default tariffs for new customers by the end of March as part of a set of proposals for reforming the UK energy retail market. Removing the rolling plan, known as standard variable tariff, and replacing it with a choice of fixed-term contracts with a duration as long as three years will increase competition, the …

BAGHDAD / Reuters BP and Eni are among companies that have expressed an interest in developing the giant Majnoon oilfield which Royal Dutch Shell plans to leave next year, Iraqi oil officials said. Shell has agreed to exit the Majnoon field in southern Iraq and hand over its operation to the state-run Basra Oil Co. by the end of June …

Bloomberg China, the world’s biggest carbon emitter, is poised to install a record amount of solar-power capacity this year, prompting researchers to boost forecasts as much as 80 percent. About 54 gigawatts will be put in place this year, Bloomberg New Energy Finance said, raising a forecast of more than 30 gigawatts made in July. That amount of additional capacity …