Reuters Oil climbed with OPEC’s secretary-general set to visit Baghdad on Tuesday for talks aimed at resolving a deal on output after Iraq said it should be exempt from planned cuts. Futures rose as much as 0.8 percent in New York after falling 0.7 percent Monday. Mohammed Barkindo will meet with Iraq’s prime minister and oil minister, according to ...

  Singapore / AFP Under current conditions, the IEA expects global output to exceed demand until the second half of 2017, Fatih Birol told journalists on the sidelines of an energy conference in Singapore. “But we know that the producers are thinking of intervening in the markets. The OPEC and non-OPEC producers, if they intervene in the markets, this rebalance ...

  Bloomberg Renewable energy reached an important turning point last year with record new installations of emissions-free power surpassing sources that burn fossil fuel, according the International Energy Agency. New installations of renewable energy overtook conventional power for the first time in 2015, the Paris-based agency said on Tuesday in its Medium-Term Renewable Energy Market Report. Global green power rose ...