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Colombia crash pilot reported ‘he was out of fuel’

  Medellín / AFP The pilot of a charter plane carrying a Brazilian football team radioed frantically that he was out of fuel minutes before slamming into a hillside near Medellin with 77 people on board, an audio recording showed. Details of the doomed aircraft’s last harrowing minutes emerged on Wednesday as fans mourned the loss of all but six people ...

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New era for oil reverberates in Asia

  Bloomberg While the first OPEC production cuts since 2008 were inked as Asia slept, the winners and losers from the surprise deal are already becoming clear in the world’s biggest oil-consuming region. US crude is hugging $50 a barrel following Wednesday’s 9.3 percent surge, the biggest since February, and Goldman Sachs Group Inc. is projecting further gains of more ...

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Oil deal a bane for US gas, boon for LNG

  Bloomberg OPEC’s decision to shrink oil production is both a blessing and a curse for natural gas markets. It’s bad news for the US gas bulls enjoying a rally that has propelled prices to the highest in two years. Crude explorers have more incentive to drill with oil futures surging on the promised cuts by the Organization of Petroleum ...

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