Bloomberg Oil traded near $50 a barrel in New York as U.S. producers increased drilling and OPEC nations added supply, threatening to compound a global surplus. Futures were little changed after slipping 0.2 percent Friday. Output from OPEC member Libya expanded to 560,000 barrels a day, according to National Oil Corp., up from 540,000 last week, while Iran repeated plans …

  Reuters Kuwait National Petroleum Co (KNPC) expects to finalise a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, sources involved in the project said. The state-owned refiner had originally said it planned to complete the fundraising, one of the world’s largest-ever loans backed by export …

  Reuters Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank in a deal that could raise about $1 billion for the embattled construction giant, sources aware of the matter said. Oger was one of two large Saudi contractors charged with implementing the kingdom’s grand infrastructure plans before the fall in oil prices …