Bloomberg Libya is pumping 715,000 barrels a day of oil, the most since 2014, and is on track to keep boosting output this year as the country restores much of the production lost amid political chaos and conflict, the state oil company’s chairman said. Blockades at the North African state’s main oil ports have ended, and output may reach ...

  Reuters Saudi Arabian construction firm Abdullah Abdul Mohsin al-Khodari and Sons said that the total value of its delayed work as of Dec. 31 last year was 312.7 million riyals ($83.4 million), a slight improvement from the previous quarter. As builders in the kingdom rely on the government for most of their contracts they’ve suffered as the pace of ...

  Bloomberg Global oil demand will keep growing into the 2040s due to higher consumption of plastic goods even as the electric vehicle fleet expands rapidly and technology revolutionises transport, BP said in its annual Energy Outlook on Wednesday. The forecast of sustained demand growth for the fossil fuel comes as other oil companies such as Royal Dutch Shell brace ...