Bloomberg Iraq can’t count on self-governed Kurds in the country’s north or international oil companies to help it cut crude production as promised at an OPEC meeting last week. That may leave the country with no option but to slash state-controlled supplies to comply with its quota. Under the deal the Organization of Petroleum Exporting Countries reached last Wednesday, …

  Bloomberg OPEC’s decision to pump less is poised to deter some oil traders from hoarding crude at sea. The group’s pledge to cut output and ease a global glut has weakened a market structure known as contango that benefited traders who stocked crude on ships to be sold at a potential profit in the future. The planned reductions have …

  DUBAI / Reuters Stock markets in the United Arab Emirates rose strongly for a second straight day on Thursday while blue chips in Saudi Arabia and Egypt fell as investors kept booking profits. Dubai”s index added 1.8 percent with trading volume jumping 75 percent from the previous day as mid- and large- sized shares attract foreign funds. Emaar Properties …