Bloomberg Venezuela, Iraq and Oman added their support for a possible extension of global oil-production cuts beyond June as mom entum builds among OPEC members and other crude producers to prolong the strategy to re-balance the market and prop up prices. Oil minsters for the three countries commented on Sunday, a day after Algeria’s Energy Minister Noureddine Boutarfa called ...

  Bloomberg Libya’s biggest oil terminal is loading its first tanker since fighting between armed groups earlier this month halted shipments from two ports in the country with Africa’s largest crude reserves. The Suezmax vessel Demetrios, which can carry as much as one million barrels, is loading at the port of Es Sider for export to China, according to a ...

  Bloomberg Royal Dutch Shell Plc has agreed to sell its onshore oil assets in Gabon to a unit of Carlyle Group LP for $587 million, taking it closer to its $30 billion divestment target. Carlyle’s unit Assala Energy Holdings Ltd. will also take on $285 million of debt from Shell’s Gabon unit and will make an additional payment of ...