Bloomberg OPEC-led production cuts will last for the rest of the year, and an early termination in June would be a surprise to the market, the International Energy Agency’s markets division head said. The oil market will move from surplus into a small deficit after the first quarter but it will be fairly balanced overall this year, the IEA’s Neil …

Bloomberg OPEC’s second-biggest producer is relinquishing some control over its prized oil in exchange for better prices. In a rare move, Iraq is allowing buyers to load its crude without saying where the cargo will finally end up. They will only have to let the Middle East producer know about the destination two weeks after the shipment’s bill of lading, …

Bloomberg Ethiopia’s fast-growing economy has Asian investors lining up to build a new $4 billion oil refinery, even as a Blackstone Group LP-backed fuel pipeline project is shelved. The proposed 120,000 barrels-a-day plant has generated interest from Japanese, South Korean and Indian investors, said Zemedeneh Negatu, chairman of US-based Fairfax Africa Fund. The refinery in Awash, east of the capital …