Bloomberg Oil traded near $49 a barrel as Libyan output and exports declined amid security threats and a labor dispute in the port of Zueitina. Futures fell 0.3 percent in New York after Friday’s 0.5 percent gain. Libya’s biggest oil field cut output by more than 30 percent, a person familiar with the matter said Sunday, while the head of …

TUNIS / Reuters Libya’s National Oil Corporation (NOC) said it was investigating security violations that had taken place in recent days at Sharara oil field, the country’s largest. The NOC gave no detail of the incidents in a statement released late on Sunday, but said the head of security at the field had reported that the breaches were due to …

DUBAI / Reuters Saudi Arabia’s Jabal Omar Development Co, one of the largest listed property developers in the country, plans to raise 4 billion riyals ($1.1 billion) with local currency sukuk issues, sources familiar with the matter said on Monday. The company, which has taken out bank loans over the past few years to back its flagship development in Mecca, …