Bloomberg Oil advanced as OPEC member Libya halted the pipeline from its biggest field, tempering concerns that a surplus in the US continues to expand. West Texas Intermediate futures rose as much as 1.1 percent. Libya’s output has dropped to 560,000 barrels a day following the shutdown of the pipe from the Sharara field, according to a person with ...

  Bloomberg Saudi Aramco could have a market value of more than $1 trillion, Sanford C. Bernstein & Co. estimates, after the government slashed the oil producer’s tax burden to attract investors ahead of what may be the world’s biggest initial public offering. The tax cut will increase Aramco’s net income by 300 percent, putting its per-barrel income in a ...

  Bloomberg Businesses are bracing for Brexit by making last-ditch demands of the UK government to keep their interests in mind when Prime Minister Theresa May opens two years of talks with the European Union this week. Concerns include the risk of tariffs on exports to the EU, disruptions to supply chains and the potential loss of European workers. Bloomberg ...