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OPEC chief confident in commitment for output cut deal

  Reuters OPEC’s Secretary-General has confidence in the commitment of oil producers who agreed to an output cut deal last month to ease a global glut that has depressed crude prices and hurt exporting countries’ revenues. Under the accord, the Organization of the Petroleum Exporting Countries and Russia and other non-members of the producer group will curtail oil output by ...

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‘Coal curbs in Asia could save 50,000 lives annually’

  Bloomberg About 50,000 lives a year could be saved by 2030 if no new coal-fired power plants are built in Southeast Asia, South Korea, Japan and Taiwan, according to a study from researchers at Harvard University and Greenpeace International. If coal plants currently planned or under construction in the region are actually built, some 70,000 deaths could result annually, ...

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Oil caps worst week since November 2016

  Bloomberg Oil posted the biggest weekly decline since November as traders await proof that OPEC and other producers are following through on promises to cut production. Futures declined 1.2 percent in New York on Friday and slid 3 percent this week. Saudi Arabia reduced output to less than 10 million barrels a day and will consider renewing its pledge ...

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