Bloomberg Nigeria’s possible sale of some of its oil and gas assets to raise money and boost the contracting economy in Africa’s most populous country could reduce the government’s influence over its biggest industry. President Muhammadu Buhari’s economic advisers are working on a plan “to generate immediate large injection of funds into the economy through asset sales, advance payment ...

  Bloomberg Libya, struggling to revive its energy industry after five years of armed conflict, restarted production at an eastern oil field and was poised to export crude from the port of Zueitina for the first time since November. Germany’s Wintershall AG began pumping at Concession 96 in the As Sarah field on Sept. 16 and is producing 35,000 barrels ...

Kuwait City / AFP A Kuwaiti court on Wednesday said a government decision to increase petrol prices was unlawful nearly one month after it took effect in the oil-rich Gulf country. The court said the decision “breached the law” because of procedural flaws, according to a copy of the verdict obtained by AFP. It said the price hike should have ...