RIYADH / Reuters The $500 billion mega-city planned by Saudi Arabia will be floated on financial markets alongside oil giant Saudi Aramco as part of the kingdom’s drive to diversify away from oil, the crown prince told Reuters in an interview. Crown Prince Mohammed bin Salman also said Aramco’s initial public offering is on track for next year and the ...

QUITO / Reuters Ecuador will ask to withdraw from OPEC for two years if the organization does not approve its request to be exempt from production quotas, the oil minister said. The Andean country, which is facing a huge deficit and funding needs because of low oil prices and a devastating earthquake last year, is planning to present its request ...

Bloomberg The regulator charged with implementing Energy Secretary Rick Perry’s plan to keep coal plants online has something in common with the former Texas governor: Both men believe that coal and nuclear power are more reliable than other energy sources. Coal and nuclear “are firm, non-interruptible fuel sources” that are more resilient to extreme-weather events than fuels which must be ...