LONDON / Reuters OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Gulf exporters, a Reuters survey found, showing strong commitment to the deal despite higher prices. Adherence to the curbs rose to 128 percent from 125 percent in November, the survey found. The Organization of the ...

Bloomberg Saudi Arabia cut February pricing for most of its crude sales to the US for a second month even as the world’s largest oil exporter ships record-low volumes to American buyers in an effort to help trim a global glut. While producers often reduce prices to stimulate sales, Saudi Arabia is cutting shipments to the US market to help ...

Bloomberg Siemens Gamesa Renewable Energy SA is in final negotiations to supply about 700 megawatts of wind turbines for power plants in Brazil, according to people familiar with the talks. The deals are to supply equipment for projects that Voltalia SA, EDP Renovaveis SA, Enel Green Power SpA, and Neoenergia SA are developing in northeast Brazil, according to the people, ...

Bloomberg One of the key gauges of oil market strength hasn’t looked this good for bulls since 2014. West Texas Intermediate futures closest to expiry are trading at the biggest premium to the next month in more than three years, as inventories plunge at the key storage hub of Cushing, Oklahoma. Stockpiles at Cushing — the delivery point for WTI ...

Bloomberg Natural gas surged to 60 times the going rate as howling blizzard conditions stoked demand for the furnace fuel across the US Northeast. Spot prices for the fuel used to heat homes and generate power reached a record $175 per million British thermal units in New York, according to Consolidated Edison Inc. That’s a far cry from the $2.93 ...

Bloomberg The US has delayed paying about $125 million to the United Nations agency that serves Palestinian refugees, said two people familiar with the matter, after President Donald Trump vented his frustration about getting no “respect” or help in the peace process despite American funding. The US, by far the biggest contributor to the UN Relief and Works Agency (UNRWA) ...

Bloomberg The US is suspending security assistance to Pakistan as the Trump administration escalates pressure on the government in Islamabad to prevent terrorist groups from finding safe harbor in the country. The action announced is in addition to a decision disclosed earlier this week in which the National Security Council said the US will continue to withhold $255 million in ...

Reuters A United Nations Security Council meeting to discuss recent protests in Iran turned into criticism of the United States for requesting to meet on what some member states said was an internal issue for Tehran. France’s ambassador to the UN said the protests do not threaten international peace and security, in what may be an implicit criticism of the ...

Bloomberg President Donald Trump said he’s a “very stable genius” in an early Saturday tweet, a day after a new book about his first year in the White House claimed that many of his top aides and confidantes consider him unfit to hold office. “Throughout my life, my two greatest assets have been mental stability and being, like, really smart. ...

Bloomberg Lithuania’s top politicians clashed over whether to rejuvenate ties with Russia that were frozen following President Vladimir Putin’s 2014 annexation of Crimea from Ukraine. Lithuanian Prime Minister Saulius Skvernelis has recently urged resuming dialog with the Russian government, advocating talks on topics such as trade, energy, agriculture and transport, while maintaining the current stance on Ukraine. President Dalia Grybauskaite, ...