Benghazi / AFP An oil tanker left the Libyan port of Ras Lanouf for Italy, an official said, the first shipment since fighting erupted over control of the “oil crescent” two years ago. Oil is war-ravaged Libya’s key asset, and rival administrations have been vying for control of its oil wealth and territory since the 2011 uprising that overthrew ...

  Bloomberg Oil climbed near $45 a barrel after Algeria said OPEC may turn its informal talks next week into a formal session and as weekly industry data showed U.S. crude inventories declined. November futures rose by as much as 2.5 percent in New York. OPEC ministers can transform the gathering into an extraordinary meeting since they will all be ...

  Reuters Saudi Binladin Group (SBG) has requested a second extension on an 817 million riyal ($217.9 million) Islamic loan being used to fund construction at the kingdom’s Grand Mosque, sources aware of the matter said. The talks to delay the loan repayment, originally due to mature on July 15, came after the Saudi government failed to fully reimburse the ...