Bloomberg President Vladimir Putin kept his options open on whether to extend Russia’s joint oil-production cuts with Opec beyond June, saying he wanted to continue cooperation with the group but also highlighting the many uncertainties in the market. Russia is comfortable with current oil prices, which rose to a four-month high above $70 a barrel in London, Putin said at ...

Bloomberg Seplat Petroleum Development Co. and Nigeria’s state oil company will raise $700 million for a joint gas project scheduled to start production next year as the government steps up plans to reduce the country’s reliance on oil. The project, known as Assa North-Ohaji South, is one of seven to boost gas production and infrastructure development in the West African ...

Bloomberg California drivers are facing the prospect of paying $4 a gallon at the pump for the first time in five years after its refineries were hit by a series of breakdowns. Pump prices in the most populace US state have gained 12 cents in the past week to average $3.71 a gallon, according to AAA. That’s about three times ...