Bloomberg OPEC has never taken supply cuts so seriously, and hedge funds are loving it. Investor optimism that West Texas Intermediate oil prices will rise reached an all-time high as the Organization of Petroleum Exporting Countries delivered on pledges to reduce production. The International Energy Agency said the group has achieved a record 90 percent initial compliance with an …

Bloomberg Lower oil prices and the scrapping of fuel subsidies have allowed India’s biggest energy companies to slash borrowings to the lowest in at least eight years. Total debt at Indian Oil Corp., the nation’s largest refiner, stood at 419 billion rupees ($6.2 billion) at the end of September, down from 863 billion rupees in March 2014, according to the …

  Bloomberg Record low Indian solar tariffs tendered at a groundbreaking auction may catalyze green investments and help tip the balance of new power to renewables and away from fossil fuels. Solar power in India fell to a record 3.30 rupees (5 US cents) a kilowatt-hour on February 10 after a World Bank-backed auction helped the central Madhya Pradesh state …