Bloomberg OPEC’s strategy to defend market share over prices is working as oil approaches $50 a barrel amid rising demand and declining output from producers including U.S. shale companies, Kuwait’s acting oil minister said. Oil will end the year at $50 a barrel and the market will rebalance in the third or fourth quarter of the year, Anas Al-Saleh, …

  Tokyo / Bloomberg Environmental groups urged the Japanese government to use the Group of Seven summit meeting to be held from Friday in western Japan as a platform to announce a shift away from fossil-fuel financing. The groups, including 350.org Japan and Friends of the Earth Japan, staged rallies outside government offices in Tokyo on Thursday ahead of submitting …

  Shanghai / Bloomberg China National Chemical Corp. extended its tender offer for Syngenta AG shares by more than a month as it waits for regulatory approval for its planned $43 billion takeover of the Swiss seed and pesticide maker. State-owned ChemChina offered in February to buy Basel, Switzerland-based Syngenta for $465 a share in cash plus a special dividend …