Energy, Oil & Gas

Oil prices decline 4.8% after US-Iran deal

Oil prices fell in Asia on Monday after the US and Iran announced an agreement that is expected to reopen the key Strait of Hormuz shipping route....

Energy, Oil & Gas

Saudi Energy seals $3.1bn power purchase deal for Rabigh 2 project

Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity. ...