Bloomberg Petroleo Brasileiro SA’s $5.2 billion sale of a natural gas distribution unit to Brookfield Asset Management Inc. and other investors has just hit a legal snag. A Brazilian federal judge granted an injunction against the acquisition of Nova Transportadora do Sudesteon on grounds that the sale wasn’t sufficiently publicized to foster competition, according to a copy of the ...

  Bloomberg Saudi Arabia is trying to make sure crude buyers in the world’s biggest oil market aren’t lured by rivals while it curbs output as promised. Saudi Arabian Oil Co. will sell full volumes of contractual supply for March to Asian refiners, according to people with knowledge of the matter who asked not to be identified because the information ...

  Bloomberg Oil was pulled higher by a surge in gasoline after US motor fuel supplies unexpectedly fell last week, shrugging off the biggest crude supply gain since October. Gasoline stockpiles fell 869,000 barrels, pushing refining margins more than $2 a barrel higher. Demand climbed the most in a year. Crude inventories climbed 13.8 million barrels in the week ended ...