KUWAIT / Reuters Kuwait’s Oil Minister Essam al-Marzouq said on Wednesday that OPEC could hold an extraordinary meeting in mid-March if oil producers did not reach a decision to extend their supply cut pact when it next meets in November. “In the coming November meeting, we may not reach a decision to extend… the agreement and we could hold an ...

Bloomberg Solar developers are suspending construction as the looming threat of US import tariffs has driven up prices and spurred hoarding, crimping panel supplies. “We’ve had roughly $500 million worth of work that we’ve had to put on hold,” said Scott Canada, who oversees renewable energy projects for McCarthy Building Cos. of St. Louis. “The supply of panels has just ...

DUBAI / Reuters Saudi Arabian food maker Savola Group, the country’s largest food products company, said on Wednesday that it is selling a 2 percent stake in Almarai, the Gulf’s largest dairy company for 1.12 billion riyals ($307.6 million). The sale was conducted through an accelerated bookbuilding process, which will cut Savola’s stake in Almarai to 34.52 percent from 36.52 ...