Bloomberg Oil rose amid projections that US crude inventories declined while OPEC and other producers implement promised production cuts. Futures rebounded after tumbling 2.6 percent Tuesday. US stockpiles probably fell by 2 million barrels last week, according to a Bloomberg survey before an Energy Information Administration report Thursday. While OPEC member Kuwait has already cut output and non-member Oman …

  BEIJING / Reuters China’s Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said. Chinese firms were expected to lift between 3 million to 4 million barrels more Iranian oil each quarter in 2017 than …

  Bloomberg Saudi Arabia raised pricing for February oil sales to Asia and increased premiums for light grades to the US as the world’s largest crude exporter prepares to reduce output to help counter a global oversupply. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, increased its official pricing for Arab Light crude to Asia by 60 cents a …