Bloomberg Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.Shipments from southern ports in Basra Province averaged 3.51 million barrels a day in December, Oil Minister Jabbar Al-Luaibi said in an e-mailed …

  Bloomberg Oil fell for the first time in four days as an increase in US drilling activity fanned speculation that OPEC production cuts could revive output in North America. Futures slid as much as 2.1 percent in New York after rising 3.2 percent the previous three sessions. Gulf oil producers Saudi Arabia, the United Arab Emirates, Qatar, Oman and …

  ALBANY / AP The aging Indian Point nuclear power plant just north of New York City will close within about four years under a deal with Gov. Andrew Cuomo, who has long argued it should be shuttered to protect the millions of people living nearby. Under the arrangement, plant owner Entergy Corp. will shut both reactors at the Westchester …