Bloomberg Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi Oil Minister Jabbar al-Luaibi said that production curbs have contributed to stability in the market and should remain, ...

Bloomberg Husky Energy Inc., the best oil-sands stock last year, may emerge as a top pick for investors who are looking to capitalize on surging crude prices and already have shares of the largest Canadian producers. The company controlled by Hong Kong billionaire Li Ka-Shing is the cheapest stock among six producers in North America that also own refineries, trading ...

Bloomberg Royal Dutch Shell Plc is investing in a US solar energy developer, continuing its recent expansion into the electricity business. The Anglo-Dutch oil and gas producer will acquire a 44 percent stake in Nashville’s Silicon Ranch Corp., which owns and operates about 100 solar facilities across the US. The investment could be as high as $217 million in cash, ...

Reuters India’s Reliance Industries has declared a 30 percent increase in the installed capacity of its export-focussed oil refinery, a government report showed, increasing the size of the world’s largest refinery complex. India’s Petroleum Planning & Analysis Cell (PPAC) in its October report showed 35.2 million tonnes a year as the installed capacity of Reliance’s refinery in the special economic ...

Bloomberg Airbus SE Chief Executive Officer Tom Enders slammed Brexit and US President Donald Trump’s pro-America trade policies as presenting twin threats to its business, while singling out the UK’s vote to leave the EU as posing the bigger issue. The developments amount to a “double whammy” of protectionist hazards, Enders said in London at the annual dinner of the ADS ...

BLoomberg Amsterdam’s Schiphol airport added 4.8 million passengers in 2017 with the help of a six-runway setup that’s unique in Europe, putting it almost level with Paris Charles de Gaulle as the region’s second-busiest hub. Schiphol, home base to KLM, attracted 68.4 million travellers, consolidating its lead over Frankfurt and putting it within 1 million of the total at Charles ...

Bloomberg Woolworths Holdings Ltd. plunged the most in almost two years after South Africa’s largest food and clothing retailer said sales growth slowed in the fiscal first half, while earnings also declined. Revenue increased by 2.5 percent in the 26-week period ending on December 24, compared with 6.7 percent the previous year, the Cape Town-based company said in a statement. ...

Bloomberg For years, Lockheed Martin Corp. has been developing a successor to one of the fastest aircraft the world has ever seen, the SR-71 Blackbird, the Cold War reconnaissance craft that the US Air Force retired almost three decades ago. Lockheed officials have said the hypersonic SR-72—dubbed the “Son of Blackbird” by one trade journal—could fly by 2030. But a ...

Bloomberg The European Union has stepped up the demands for concessions that the UK must make during the transition period that follows Brexit, pushing back the cut-off date for the acquisition of rights for EU citizens, according to revised draft negotiating directives obtained by Bloomberg. The UK won’t be able to apply new immigration rules to EU citizens arriving during ...

Bloomberg US transportation regulators plan to take another step towards rewriting federal rules hampering the development and adoption of autonomous technologies— from cars and trucks to buses and trains. Department agencies will issue additional requests for comment to gather input from companies and the public on what rules affecting transport should change or be eliminated, Transportation Secretary Elaine Chao said. ...