Bloomberg Saudi Arabia expects oil revenue to jump 12 percent next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018. The top OPEC producer expects to collect 492 billion riyals ($131 billion) from oil sales in 2018, compared with 440 billion riyals this year, the Finance Ministry said in a budget statement. Oil …

Bloomberg Oil headed towards its highest close in over a week as industry data was said to show a larger-than-expected drop in US crude stockpiles. February futures in New York added 0.4 percent after gaining 0.6 percent. Inventories fell 5.2 million barrels last week, the American Petroleum Institute was said to report, suggesting further tightening in a market already facing …

Bloomberg Eni SpA and Royal Dutch Shell Plc and senior executives will face trial over a $1.1 billion bribery scandal in Nigeria, an Italian judge ruled on Wednesday. The trial will start on March 5 in Milan, judge Giusy Barbara told reporters. The long-awaited decision, initially expected several months ago, will not only affect the two companies but 11 individuals …