Bloomberg Oil slipped to near $57 a barrel as US drilling expanded and OPEC nations Kuwait and the United Arab Emirates signalled they can phase out production cuts if the market improves. Futures fell 0.4% in New York after climbing 2.5 percent in the previous two sessions. Drillers boosted the rig count by two to 751, a three-month high, according ...

Bloomberg Pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days,” the oil ministry said, as the country nears its goal of commercial output from the biggest gas discovery in the Mediterranean Sea by the end of this year. Gas is being pumped from the national distribution system to test pipelines in preparation ...

Bloomberg China National Petroleum Corp. (CNPC) is restricting natural-gas sales to industries across the country to divert more of the fuel to heat homes in the northern part of the country. The move is a response to instructions from the Nati- onal Development & Reform Commission, which called on local governments and gas suppliers to combat gas shortages in the ...