Bloomberg Oil retreated from the highest close since July 2015 as focus shifted to expanding US crude stockpiles after OPEC and other producing nations agreed to cut output to stabilize the market. Futures slid as much as 1.7 percent in New York after climbing 6.5 percent over the previous four sessions. US inventories rose by 4.68 million barrels last ...

  Bloomberg Saudi Arabian Oil Co. signed contracts with US companies to build dozens of oil rigs over 10 years as the kingdom builds for the long-term future of its most prized industry even while coordinating with other producers to cut output for six months to stabilize crude. The Saudi state producer known as Saudi Aramco signed a contract with ...

  Bloomberg Sharply falling water levels at Mozambique’s Cahora Bassa dam, sub-Saharan Africa’s biggest hydropower plant, are threatening electricity supplies to countries including South Africa, which buys about a third of its output. Levels are the lowest Phil Bezuidenhout, a lodge owner at the dam, has seen in the 24 years he’s operated on its shores in the country’s northwest. ...