Bloomberg The oil-price could recover to $60 a barrel by the end of 2016, said Saudi Arabia’s Energy Minister, just weeks after agreeing to cut supply for the first time in eight years. The world’s largest crude exporter will work with other producers to determine output caps and is “optimistic” about reaching a deal by the end of November, ...

  Bloomberg OPEC’s first deal to cut output in eight years has spurred a running of the oil bulls. Prices surged, breaching $50 a barrel, since the Organization of Petroleum Exporting Countries agreed to the cut on Sept. 28 in Algiers. The group, which pumped at a record in September, will decide on quotas for its members at an official ...

  DUBAI/ Reuters Kuwait has delayed a sovereign bond issue of up to $10 billion until next year after deciding it is in no rush to raise funds overseas, bankers familiar with Kuwaiti debt policy said. Finance Minister Anas al-Saleh said in July the government planned to sell as much as $10 billion of U.S. dollar-denominated conventional and Islamic bonds ...