Bloomberg From Colombia to the North Sea, the Middle East to Texas, the global market for crude cargoes is becoming tighter as supplies grow more constrained and risks to production spiral. Prices for actual barrels from the North Sea, Asia, and the Americas are now trading at the highest in half a decade. Key price spreads that show how urgently …

VIENNA / WAM The Opec Fund for International Development (OFID) is contributing $50 million to support energy security and economic growth in Pakistan via a participation agreement with the International Islamic Trade Finance Corporation (ITFC). The ITFC and other financial institutions will provide the remaining balance of the syndicated amount that will enable Pakistan’s Ministry of Finance, Revenue and Economic …

Bloomberg Electric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc and NIO Inc cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers in the sector’s biggest market. Worries heightened after reports emerged of a fire involving a Tesla in a Hong Kong parking …