Bloomberg Oil traded near $50 a barrel in New York before data forecast to show a third weekly drop in US crude inventories, while Saudi Arabia said it will sell customers considerably less crude than they’re asking for. Futures rose 0.8 percent after advancing 0.6 percent, rebounding from a weekly loss. Crude stockpiles probably slid by 750,000 barrels last week, ...

Bloomberg Iraq and Iran boosted crude exports in September, taking advantage of a slower pace of shipments from rival Saudi Arabia to win buyers in key markets like China and the U.S. Iraq shipped 3.98 million barrels of crude a day, the highest since December, while Iran’s exports rose to 2.28 million barrels a day, the most since February, according ...

Bloomberg Each week, Friggi Oil Service pays a visit to Ai Due Otri, a traditional Sardinian restaurant in central Rome, to pick up what’s left in the frying pan. Leftover oil from this and other restaurants is trucked to a collection area just outside the capital. It’s then taken to a refinery operated by Eni SpA, Italy’s oil and gas ...