GAZA / Reuters The Palestinians are seeking to sell a 45 percent stake in a gas field off Gaza to help to develop the project, its main stakeholder, the Palestine Investment Fund, said on Wednesday after Royal Dutch Shell announced it had pulled out. Gaza Marine, about 30 km (20 miles) off the Gaza coast, has long been seen as …

LONDON / Reuters Oil hit a two-week low on Wednesday after China said it would impose tariffs on a number of US goods including agricultural products, raising the prospect of a growing trade war that could hurt the global economy. China, the world’s largest importer of raw materials, lashed back at the Trump administration’s plan to levy tariffs on $50 …

MANAMA / Reuters A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom’s biggest ever find, Bahrain’s oil minister said. Bahrain said it had discovered extensive tight oil and deep gas resources off the west coast of the kingdom. Independent appraisals by US-based oil consultants DeGolyer and MacNaughton …