DUBAI­­­­ / Reuters Saudi Energy Minister Khalid al-Falih said the oil market is heading in the right direction but still needs time to rebalance, the London-based newspaper Asharq al-Awsat reported on Monday. “In my opinion, market fundamentals are going in the right direction, but in light of the large surplus in stockpiles over the past years, the cut needs time ...

Bloomberg New energy, meet new finance. That’s the thinking of Taiwan’s government, which is starting to map out funding plans for a power system that can no longer rely on nuclear reactors. Prime Minister Lin Chuan’s administration aims to increase the share of renewable energy such as water, wind and solar to 20 percent of total power output on the ...

Bloomberg Oil traded below $45 a barrel following a fourth weekly loss as US drillers continued to add rigs, blunting OPEC-led efforts to rebalance an oversupplied market. Futures fell as much as 0.7 percent in New York after capping the longest run of weekly declines since August 2015. US drillers targeting crude added rigs for a 22nd straight week, the ...