Reuters Libya’s National Oil Corporation (NOC) said on Saturday it had declared force majeure on the 70,000 barrels per day (bpd) El Feel oilfield after a protest by guards closed the field. El Feel was shut after guards withdrew from the field to push demands over pay and other benefits earlier this week. The NOC said force majeure was declared …

Bloomberg European authorities moved to liquidate Latvia’s ABLV Bank AS after clients pulled assets from the lender following US accusations that it laundered money. The European Central Bank, which had already placed a freeze on payments by the lender, said that ABLV was failing or likely to fail, handing it over to Europe’s Single Resolution Board. That authority said a …

Bloomberg Citigroup Inc., one of the world’s largest credit-card issuers, said it will refund $335 million to US customers whose annual percentage rate should have been lower. The lender determined that a method it was using to calculate APRs didn’t properly reflect the full benefit customers should have received for good behaviour, such as paying on time, the New York-based …