Abu Dhabi / EMIRATES BUSINESS The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, has announced the successful initiation of its Concentrated Solar Power on Demand Demonstration pilot at the Masdar Institute Solar Platform. The demonstration is intended to show that the novel single-tank thermal energy storage system may prove …

Singapore / AFP Oil prices turned lower again on Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts had soared more than 10 percent Friday on a report that the OPEC producers’ club was open to output cuts that could drag prices up …

Sydney / AFP A nuclear dump in an Australian state could handle 13 percent of the world’s atomic waste and prove “highly profitable” in the long term, initial findings from a high-level inquiry said on Monday. The prospect of a nuclear dump in the vast nation has proven controversial in the past. Australia has yet to decide where to store …