VIENNA/ WAM Suleiman Al-Herbish, Director-General of the OPEC Fund for International Development (OFID) has said that supporting development operations in the energy sector lies at the heart of OFID’s strategic plan to 2025. In a statement issued from OFID’s premises in Vienna, Al-Herbish reiterated OFID’s commitment to support sustainable development plans in Arab countries, particularly energy projects, and outlined various …

Bloomberg The Gentleman coal plant was once the linchpin of Nebraska’s electricity grid, its twin smokestacks visible for miles across the prairie. Now, the state’s biggest power source is routinely pushed aside to make room for more wind and solar energy. Operators ramp it down and then bring it back up again, often on a daily basis. That’s not how …

Bloomberg The worst may not be over for India’s state-run oil refiners. The request by the central government that they absorb a portion of sweeping fuel price cuts is raising speculation by analysts at Goldman Sachs Group Inc., Citigroup Inc. and Jefferies Group LLC that price controls may be reintroduced or further reductions will be demanded. The move comes amid …