LONDON / Reuters Oil hit a two-week low on Wednesday after China said it would impose tariffs on a number of US goods including agricultural products, raising the prospect of a growing trade war that could hurt the global economy. China, the world’s largest importer of raw materials, lashed back at the Trump administration’s plan to levy tariffs on $50 …

MANAMA / Reuters A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom’s biggest ever find, Bahrain’s oil minister said. Bahrain said it had discovered extensive tight oil and deep gas resources off the west coast of the kingdom. Independent appraisals by US-based oil consultants DeGolyer and MacNaughton …

Reuters Italian energy group Edison, part of French utility EDF, is preparing the sale of its oil and gas unit, the latest power producer to abandon fossil fuels to focus on its retail business, four industry sources said. Edison has selected investment banks Rothschild and Perella Weinberg to organise an auction for the exploration and production division, which could be …