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Oil caps biggest weekly gain in 2017 as OPEC eyes deal extension

  Bloomberg Oil capped its biggest weekly increase this year amid speculation OPEC will extend its deal to curb output and ease a global glut. Futures advanced 5.5 percent in New York this week, climbing back above $50 a barrel after Kuwait Oil Minister Issam Almarzooq reiterated support for prolonging a six-month deal to trim supply past June. The market ...

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Sunrun seeks $200 million in debt for rooftop solar

  Bloomberg Sunrun Inc., the largest US independent residential solar company, is seeking about $200 million in project-finance debt to build more rooftop power systems, according to people familiar with the deal. ING Groep NV and SunTrust Banks Inc. are helping arrange the non-recourse debt for San Francisco-based Sunrun, according to the people, who asked not to be identified because ...

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Oil production outgrows pipeline capacity in Texas

  Bloomberg Oil production in West Texas is about to outgrow pipeline capacity, a combination that knocked down crude prices in the region three years ago. West Texas Intermediate crude at Midland, Texas, the heart of the Permian Basin, sank this month to the lowest level since September. It’s the weakest for this time of year since 2014, according to ...

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