Bloomberg Hungary’s fight against European Union rules favoring a quota system to relocate refugees is being reviewed by the bloc’s top court in what could end up in a political blow to Prime Minister Viktor Orban and a boost to stalled efforts for a European asylum system. “Hungary can’t identify with a view purporting that the only or necessary …

  Bloomberg OPEC and its allies are seeking to pump less for longer in a quest for higher prices. The world’s biggest independent oil trader says their efforts could be in vain. Demand isn’t expanding as much as expected, and US shale output is growing faster than forecast, according to Vitol Group. That’s increasing the burden on the world’s biggest …

  TOKYO / Reuters Saudi Arabia, the world’s biggest oil exporter, has notified at least two Asian refiners of its first cuts in crude allocations for regional buyers since an OPEC output reduction took effect in January, two refining sources told Reuters on Wednesday. State-owned Saudi Aramco has told Asian buyers it is curtailing supplies for June to meet its …