Bloomberg The world’s biggest oil buyer may be waking up from a seasonal slumber. China added 37 million barrels of oil to inventories in the first nine days of November, a rebound from September and October, when stockpiles fell by more than 120 million barrels, according to commodities intelligence firm Orbital Insight Inc. The drawdown coincided with China in October ...

Bloomberg Egypt is in talks with Saudi Arabian Oil Co. to import crude oil and refine it domestically, giving the North African country more control over its own gasoline and diesel supplies. A deal could be made early next year, Egypt’s Oil Minister Tarek El-Molla said in an interview. Saudi Arabia has been shipping about 700,000 metric tons a month ...

Bloomberg The man overseeing western Europe’s biggest crude spigot is fighting back against the oil doubters. Norway’s push into the Arctic, necessary to prolong the nation’s more than four decades of petroleum production, is running into a multi-pronged attack with claims that projects will be unprofitable and an unprecedented lawsuit targeting the government. “There are many forces who are using ...