Bloomberg It’s getting tougher to bet on oil in the age of Trump trade tweets and Chinese retaliation, with hedge funds getting it wrong for a seventh time in nine weeks. This time around, short-sellers made their biggest retreat in a year in week ended August 20, slashing by 25% their wagers that West Texas Intermediate crude would decline, data ...

Bloomberg A Nigerian high court ordered the government to renew Shell Petroleum Development Co.’s operating license for the Oil Mineral Lease 11 field, which was withdrawn earlier this year, Lagos-based Punch newspaper reported. The Federal High Court in Abuja, ordered the license be renewed for maximum 20 years, and not 30 years the oil major was seeking, the newspaper reported. ...

Bloomberg North Korea launched more missiles on Saturday, the latest in the most prolific series of tests since US President Donald Trump took office. South Korea’s Defense Ministry said two ballistic missiles were launched from south Hamgyong, travelling about 380 kilometres and reaching a maximum altitude of 97 kilometres. They landed outside Japan’s exclusive economic zone, Japan’s Coast Guard said ...