Bloomberg The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said. The Organization of Petroleum Exporting Countries should decide at its meeting later this month whether or not to extend the cuts, United Arab Emirates Energy Minister Suhail Al Mazrouei said in a speech at ...

Bloomberg Saudi Arabian Oil Co. is still waiting for a decision on how many of its shares will be offered to the public, or where the listing will be made outside of the kingdom, according to Chief Executive Officer Amin Nasser. The shares will definitely be listed in Saudi Arabia’s market known as Tadawul, Nasser told reporters on Monday at ...

BEIJING / Reuters China Gas Holdings, one of China’s largest domestic natural gas distributors, expects sales to rise 30-45 percent this fiscal year and “sustainable high growth” the next few years due to Beijing’s clean air push, the company’s founder said. China Gas, which counts South Korea’s SK Group and India’s GAIL among its investors, plans to expand its extensive ...