OPEC and its allies indicated they weren’t planning any big changes to their supply deal, even as oil prices remain below $50 a barrel amid growing skepticism that their output cuts are working.Capping rising oil production from Nigeria and Libya -- both exempt from the current agreement -- won’t be on the agenda at the meeting on Monday in St. Petersburg, Russia, said two people familiar with the planned talks.

Total SA is in talks with Myanmar to supply the country’s most populous city, Yangon, with liquefied natural gas.The French energy giant may also build a power plant, according to Xavier Preel, general manager of Total E&P Myanmar.

India approved the sale of a $4.6 billion stake in state-run refiner Hindustan Petroleum Corp.

North Korea has little the world wants. But it does have iron. Despite the international opprobrium over its nuclear ambitions, North Korea has managed to take advantage of a loophole in United Nations sanctions by increasing its exports of iron ore.The key buyer, as usual, is China. In global terms, the dollar figure is small: North Korea exported an estimated $74 million of iron ore and concentrates to China during the first five months of 2017.

Even if you’d heard of this year’s best-performing metals, betting on them would probably have been a struggle.Ruthenium, iridium and the somewhat better known rhodium -- used mostly in specialized products like hard disks, spark plugs and autocatalysts -- have trounced almost all major commodities tracked by Bloomberg.

OPEC producers are finding that shale oil drillers aren’t their only adversaries in their battle to drain a three-year crude glut .As oil rigs in the U.S. jumped 45 percent this year, north of the border, oil-sands companies including Devon Energy Corp., Suncor Energy Inc. and Cenovus Energy Inc. have ramped up operations as well.

Electricity drew in more investment than fossil fuel supply for the first time last year as the energy industry prepared for electrification of everything from cars to buildings and industrial processes.Power generation and electricity grid expansions took in $718 billion, 42 percent of the $1.7 trillion invested in energy last year, according to a report by the International Energy Agency released Tuesday.

Saudi Aramco, which plans what could be the world’s biggest initial public offering, will invest more than $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas, President and Chief Executive Officer Amin Nasser said.The outlook for oil supplies is “increasingly worrying,” with about $1 trillion in investments lost during the current industry downturn and fewer new deposits being discovered, Nasser said at a conference in Ist