Bloomberg Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling down on an effort to eliminate a supply surplus just as its impact on prices wanes. In separate statements just hours apart on Monday, the world’s largest crude producers said publicly for the first time they would consider prolonging their output reductions for longer than ...

  Bloomberg Bahrain’s foreign-currency reserves tumbled 11 percent in February, extending a decline that has fueled speculation that the island kingdom would either tap international bond markets soon or seek financial support from other Gulf Arab monarchies. Net foreign assets dropped to 645.2 million dinars, from 725.9 million dinars in January, according to central bank data released on Sunday. Overall, ...

  TOKYO / Reuters Japan’s trade ministry on Monday reported success in producing gas last week by extracting methane gas from methane hydrate deposits offshore Japan’s central coast. The tests being run at two different wells are the first since 2013, when Japan achieved the world’s first-ever extraction of gas from offshore deposits of methane hydrate, a frozen gas known ...