Bloomberg Oil’s advance slowed after prices hit a new three-year high amid signs that US crude stockpiles increased last week. Futures were little changed in New York after closing at the highest level since December 2014. Industry data signalled inventories rose by 4.76 million barrels last week, which will be the first gain in 10 weeks if confirmed by a ...

KHOBAR / Reuters An advisory council to Saudi Arabia’s government has asked the kingdom’s securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market. The Shura Council’s fiscal committee has also asked the Capital Market Authority (CMA) to make sure that the stock market’s ...

Bloomberg BP Plc, the oil major that sold a third of its assets after a disastrous rig accident in 2010, said it won’t be left behind as the industry boosts investment in new energy. “We haven’t made really big bets but we’re scanning and screening everything” to assess renewables opportunities, Chief Executive Officer Bob Dudley said. BP must “get its ...