Bloomberg OPEC and Russia have crafted the outline of a deal to extend their oil production cuts to the end of next year, although both sides are still hammering out crucial details, according to people involved in the conversations. The Organisation of Petroleum Exporting Countries and several non-OPEC nations led by Russia will meet next week in Vienna to discuss ...

Bloomberg Equatorial Guinea, OPEC’s newest member, is looking to build a $2 billion oil-refining complex that may be operated by Venezuela’s state-run crude producer PDVSA. The refining complex in Equatorial Guinea is expected be announced in January and take two years to be completed, Gabriel Obiang, Equatorial Guinea’s Minister of Mines, Industry and Energy, said in an interview while attending ...

Bloomberg Engie SA and Mitsui & Co. agreed to sell the Loy Yang B coal power plant in Australia’s Victoria state to Alinta Energy Holdings Ltd., boosting the Hong Kong-owned utility’s exposure to the fossil fuel. Alinta’s owner, Chow Tai Fook Enterprises Ltd., entered into a conditional binding agreement to buy the 1,000-megawatt station, the company said in an emailed ...