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Nigeria oppn slams trial of top judge ahead of vote

Bloomberg Nigeria’s chief justice is due to go on trial for alleged improprieties in declaring assets in what the opposition said is an attempt to intimidate the judiciary and spark a constitutional crisis a month before presidential elections. The Nigerian Bar Association described the decision by the West African nation’s Code of Conduct Tribunal to put Chief Justice Walter Onnoghen ...

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Saudi, Canadian cuts leaving world hungry for heavy crude

Bloomberg Output cuts in oil-rich Alberta and Saudi Arabia are combining to leave heavy-crude refiners from the Gulf of Mexico to Asia in a bind. While curtailments in the Canadian province have propelled local prices to their strongest level in almost a decade, other grades like Arab Heavy and Heavy Louisiana Sweet are also surging. The Saudis are expected to ...

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Sinopec wins approval for retail unit IPO

Bloomberg Sinopec, China’s top oil refiner, won approval from the country’s cabinet for a long-awaited initial public offering of the retail unit that runs its vast chain of gas stations and convenience stores, people with knowledge of the matter said. The green light from the State Council clears the final Chinese regulatory hurdle for the deal and means the IPO ...

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