Bloomberg OPEC and Russia will meet in Doha on Thursday for another round of talks without ministers from Iran and Iraq, the two countries that pose the biggest obstacle to a deal to cut production. Members of the Organization of Petroleum Exporting Countries are “all hands on deck” to reach an agreement by the group’s Nov. 30 meeting in ...

  Paris / AFP The lack of investment in new oil projects risks creating a new market upheaval in several years, the International Energy Agency warned on Wednesday. “We estimate that, if new project approvals remain low for a third year in a row in 2017, then it becomes increasingly unlikely that demand… and supply can be matched in the ...

  Riyadh / AFP As Saudi Arabia seeks to diversify its oil-dependent economy, the chief of a Red Sea “megacity” says his project is pointing the way forward. A decade after its conception, the King Abdullah Economic City — an integrated industrial, residential and tourism centre — is profitable and in line with a government push which intensified this year ...