DUBAI / Reuters Major oil exporter Kuwait is dealing with another crude oil spill off its southern coast, state news agency KUNA said, the latest in a series of unexplained leaks in the Gulf Arab state in recent months. KUNA said the latest spill has been detected in the Ras al-Zour area, where Kuwait National Petroleum Company (KNPC) is building ...

RHOURDE EL BAGUEL / Reuters Algeria’s state-run energy firm Sonatrach will boost gas output by 10 million cubic metres per day at its giant Hassi Messaoud field and will then increase output by 6 mcm a day at nearby Rhourde el Baguel oil field, its chief executive said. Sonatrach CEO Abdelmoumen Ould Kaddour, on a visit to the field, said ...

Bloomberg Chinese property developers face a wall of local bonds that investors can force them to pay off next year ahead of schedule, just as rising interest rates raise the risk that more note holders may opt to do so. Investors have an option to offload $38 billion of such notes in 2018, according to Bloomberg data. To put some ...