Bloomberg The oil industry will shake off the effects of the biggest downturn in a generation this year as they more than double project approvals and increase exploration spending for the first time in three years, according to Wood Mackenzie Ltd. Companies will green-light more than 20 oil and gas fields for development compared with nine in 2016, the ...

  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 ...