QUITO / Reuters Ecuador will ask to withdraw from OPEC for two years if the organization does not approve its request to be exempt from production quotas, the oil minister said. The Andean country, which is facing a huge deficit and funding needs because of low oil prices and a devastating earthquake last year, is planning to present its request ...

Bloomberg The regulator charged with implementing Energy Secretary Rick Perry’s plan to keep coal plants online has something in common with the former Texas governor: Both men believe that coal and nuclear power are more reliable than other energy sources. Coal and nuclear “are firm, non-interruptible fuel sources” that are more resilient to extreme-weather events than fuels which must be ...

Bloomberg Indian Railways has floated a global tender to procure rails, a move that may end the monopoly of state-run supplier Steel Authority of India Ltd. as Asia’s oldest network seeks to plug a supply shortfall. The state-run freight and passenger carrier is seeking to buy 700,000 metric tons of rails for track upgrades, Railway Minister Piyush Goyal said. The ...