CAPE TOWN / Reuters Angola sees no further OPEC cuts in 2018 and Africa’s No. 2 crude exporter hopes to join the ranks of gold producers next year as it strives to diversify an economy long based on oil and diamonds, its minerals and petroleum minister said on Tuesday. Angola, where oil wealth has failed to translate into wider prosperity, ...

Bloomberg Saudi Arabia plans to spend 120 billion riyals ($32 billion) on subsidised home loans for borrowers, as it seeks to create conditions for an expanded private-sector role in a mortgage market dominated by the government. The kingdom’s new housing program, announced, also includes an 18 billion riyal loan-guarantee program to boost access to funding, and 12.5 billion riyals to ...

Bloomberg Halliburton Co. isn’t content to limit its battle for market share with Schlumberger Ltd. to the oil field these days. It’s opened a new front in an unlikely place: the patent office. The Houston-based provider of drilling services is waging an aggressive campaign to persuade the US Patent and Trademark Office to cancel some of Schlumberger’s fracking-related patents, telling ...