Bloomberg Oil posted the biggest weekly decline since November as traders await proof that OPEC and other producers are following through on promises to cut production. Futures declined 1.2 percent in New York on Friday and slid 3 percent this week. Saudi Arabia reduced output to less than 10 million barrels a day and will consider renewing its pledge ...

  Bloomberg MEG Energy Corp. is boosting production at its Christina Lake project in Alberta and tapped debt and equity markets for financing, further signs of a rebound in Canada’s oil patch as crude prices stabilize. The expansion at Christina Lake Phase 2B will increase output from the site by about 25 percent to 100,000 barrels a day by 2019, ...

  Bloomberg For Tata Group’s new chairman, restoring order at India’s largest conglomerate will be atop his agenda after the ouster of his predecessor Cyrus Mistry triggered one of the country’s biggest corporate power struggles in years. The conglomerate picked Tata Consultancy Services Ltd. Chief Executive Officer Natarajan Chandrasekaran on Thursday as the next chairman of group holding company Tata ...