Reuters Russia and Saudi Arabia plan to set up a $1 billion fund to invest in technology, the chief executive of a sovereign Russian wealth fund said on Wednesday. The joint venture is the latest in a series of deals expected to be signed during a visit to Russia by King Salman this week. Other deals include a $1 billion …

Bloomberg Oil extended losses near $50 a barrel as US industry data showed an increase in gasoline stockpiles and a boost in crude inventories at the nation’s biggest storage hub. Futures lost as much as 1% in New York after falling 2.4% in the previous two sessions. Gasoline supplies rose by 4.91 million barrels last week, the American Petroleum Institute …

Bloomberg Libya’s oil output, hampered by sporadic shutdowns at fields and ports, is on track to resume its recovery as the OPEC nation’s biggest crude deposit started pumping after a three-day forced halt. The Sharara field re-opened on Wednesday and is restoring production, the state producer National Oil Corp. said on its website. NOC lifted force majeure at the field …