Bloomberg Kuwait joined the United Arab Emirates in promising to pump less oil after Saudi Arabia called on fellow OPEC producers to cut more supply to help curb the global glut. Kuwait Petroleum Corp. has agreed with customers in the US to reduce contractual sales volumes of oil for 2017, state-run KPC said. The announcement came after UAE Minister of ...

Bloomberg A wave of next-generation upstarts is hitting America’s oil patch, offering high-tech solutions aimed at an industry in flux following the worst crude-market crash in a generation. At a time when the five biggest oilfield servicers — still smarting from the price rout — have cut almost $1 billion from their research budgets, companies such as Ambyint Inc. are ...

Bloomberg Starbucks Corp. suffered its biggest stock decline in almost two years after cutting its forecast, renewing fears about sputtering growth at the world’s largest coffee chain. The shares dropped as much as 8.2 percent to $54.63 in New York, the biggest intraday plunge since August 2015. Slowing growth in the US forced Starbucks to cut its profit forecast for ...