Bloomberg Saudi Arabia’s sovereign wealth fund will develop the bulk of the kingdom’s proposed renewable power projects, turning it into one of the region’s biggest utility investors. The Public Investment Fund (PIF) will be responsible for developing 70 percent of the kingdom’s renewable power capacity, Saudi Energy Minister Khalid Al-Falih said in a speech in Abu Dhabi. The rest will …

Bloomberg Opec and its allies plan to hold a meeting in March to assess their oil-production accord in Azerbaijan, and then ministers will gather to set policy in April, according to the organisation’s top official. The body that reviews the implementation of Opec’s supply cuts, the Joint Ministerial Monitoring Committee, will convene in the Azeri capital of Baku on March …

Bloomberg India will not share the limited supply of Iranian crude allowed under a US waiver from sanctions with private refiners, according to people with knowledge of the matter. That is a departure from the earlier practice of splitting exempted volumes. The government has asked four state refiners led by Indian Oil to share the entire 9 million barrels of …