Bloomberg Oil dropped a second day on speculation the OPEC agreement to trim crude output won’t succeed in reducing supply. Futures fell as much as 1.8 percent in New York. Crude has climbed since the Organization of Petroleum Exporting Countries agreed on Sept. 28 to have a new output range of 32.5 million to 33 million barrels a day. …

  MUSCAT / Reuters Oman, seeking to bolster state finances as low oil prices slash its revenues, will raise electricity prices for large government, commercial and industrial users at the start of next year, an official said on Wednesday. All government, commercial and industrial consumers of at least 150 megawatts per year will pay the higher tariffs, Qais Al-Zakwani, executive …

  Bloomberg Investors in wind and solar power are getting more capacity for their money as the cost of the technology tumbles, making alternatives to fossil fuel more competitive. That’s the conclusion of Bloomberg New Energy Finance, which found dramatic improvements in wind and solar technology is helping to boost the amount of power generated from each plant — and …