Kuwait City / AFP Kuwait’s new oil minister said on Thursday he expects crude prices to climb to $60 a barrel as output cuts agreed by OPEC and non-OPEC producers take hold next year. Essam al-Marzouk gave no timeframe for his projection, saying only that he was optimistic producers would comply with the agreed cuts and end a longstanding …

  Bloomberg Russia’s finance minister is counting himself among the skeptics of OPEC’s agreement to cut production, if only to beat back efforts to raid a windfall as oil rallies. “Improvements in oil prices, in our view, aren’t structural in character,” Anton Siluanov told reporters in Moscow. “Rather, it’s a reaction to the limits on oil output adopted by OPEC …

  Bloomberg Libya is preparing this week to reopen two of its biggest oil fields and ship the first cargo from its largest export terminal in two years, as the war-torn OPEC state pursues plans to almost double crude output in 2017. Repsol SA-operated Sharara, Libya’s largest oil field, and the El Feel, or Elephant, deposit run by Eni SpA …