Bloomberg Oil advanced from the lowest level in a month as investors weighed production cuts from Saudi Arabia and other OPEC members against a projected gain in U.S. crude output. Futures gained as much as 1 percent in New York after dropping 5.9 percent the previous two sessions. Saudi Arabia was said to reduce February crude sales to China ...

  Bloomberg Debt-laden energy companies that still don’t have a financial escape plan in place are running out of time and willing lenders even after oil doubled from its February lows. Crude prices topping $50 a barrel helped to ease pressure on distressed energy companies, allowing at least 27 issuers to sell $16 billion of junk-rated bonds in last year’s ...

  Reuters Resources for the state fund intended to cover Algeria’s budget deficits had declined by 59.5 percent at the end of 2016 from the previous year because of falling oil prices, Finance Minister Hadji Baba Ammi said. State finances were already under pressure in Algeria, where the government had forecast foreign exchange reserves would reach $114 billion by the ...