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Page 39 - ஆற்றல் அமைச்சர் ப்ரிந்ஸ் அப்துலஜிஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Saudis Meet Oil Requests From Most in Asia Before Ramping Up

Oil rises as OPEC+ decides on production policy

3 Min Read NEW YORK (Reuters) - Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May. FILE PHOTO: A diesel fuel nozzle with new European labels to standardise gasoline pumps in the EU zone is seen at a petrol station in Nice, France, October 12, 2018. REUTERS/Eric Gaillard Brent crude rose $1.94, or 3.1%, to $64.68 a barrel by 1:25 p.m. EST (1825 GMT). U.S. oil was up $2.10, or 3.6%, at $61.26 a barrel. OPEC+, which comprises the Organization of the Petroleum Exporting Countries, Russia and other allied producers, agreed to ease production curbs by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400,000 bpd or so in July.

Saudis Plan Major Solar Development in Bid to Cut Emissions

Saudis Plan Major Solar Development in Bid to Cut Emissions Bloomberg 3 hrs ago Matthew Martin and Dana Khraiche © Bloomberg Solar panels operate at an energy generating facility operated by Entega AG in this aerial photograph taken near the northern Bavarian village of Thuengen, Germany. (Bloomberg) Saudi Arabia announced a major development plan for solar energy as it looks to slash emissions and cut how much oil it burns for power. Popular Searches The oil-rich state has signed seven agreements to produce electricity from solar power in various parts of the country, Energy Minister Prince Abdulaziz bin Salman said at a conference in Sakaka Thursday. These projects will add up to 3,670 megawatts of capacity.

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