Bloomberg Oil demand in India rose 10.3 percent in the first month of 2018, the fourth straight monthly gain. Total oil consumption expanded at the fastest pace in 14 months to 16.9 million tons from 15.3 million a year ago, according to the oil ministry’s Petroleum Planning and Analysis Cell. Improvement in road freight transport following the stabilization of the ...

CAIRO / Reuters BP is looking to invest over $1 billion in Egypt this year, making the country once again a top destination for investment, its CEO said. Speaking at an industry event in Egypt, Bob Dudley said the company was no longer owed any money by the Egyptian government. “The government owes us no money,” he said on the ...

Bloomberg Natural gas is getting edged out of power markets across the US by two energy sources that, together, are proving to be an unbeatable mix: solar and batteries. In just the latest example, First Solar Inc. won a power contract to supply Arizona’s biggest utility when electricity demand on its system typically peaks, between 3 p.m. and 8 p.m. ...