Bloomberg It’s gone from a dearth to a glut of oil pipeline projects competing to serve slowing production growth in the Permian Basin. Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already forcing companies to cut fees and could mean lower profits and cutthroat competition …

Bloomberg South African power utility Eskom Holdings SOC Ltd, which generates about 95% of the country’s electricity, extended power cuts that started on January 4 until Monday after a conveyor belt failure at its Medupi plant — just as Andre de Ruyter officially takes over as head of the cash-strapped company. Eskom extended stage 2 load-shedding, the local term for …

Bloomberg High-beta stocks, occupants of the market’s frenetic edge, were the names everyone wanted to own in the fourth quarter, when they rallied on signs of peace. Saviours of active funds, the high-beta group — defined as companies that do a little better or a little worse than standard benchmarks — annihilated all comers over the last three months of …