Bloomberg Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico that is considered the largest energy trade in Wall Street. The Middle Eastern nation is in the very early stages of exploring a hedge for as much as a quarter of either its crude production or ...

Bloomberg Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains. Oil Minister Bijan Namdar Zanganeh’s willingness to embrace a deal that leaves Iran room to pump about 3.8 million barrels ...

KUWAIT / Reuters Kuwait Investment Authority (KIA), one of the world’s biggest sovereign wealth funds, said it had incurred a loss of 312 million dinars ($1.03 billion) in the financial year ended in March 2016, according to the country’s state news agency. The loss was 0.2 percent of total assets, KUNA quoted a KIA statement as saying late on Monday, ...