Bloomberg OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the US alone sufficient to meet the growth in global demand. In its first detailed outlook for 2019, the Organization of Petroleum Exporting Countries indicated that the North American oil boom means OPEC members are already producing enough crude ...

Bloomberg Billionaire Gautam Adani’s gas retailing unit is among firms that submitted 400 bids for the 86 areas the Indian government offered in its latest auction for city-gas licenses. Adani Gas Ltd bid for 32 licenses, Chief Executive Officer Rajeev Sharma said on Wednesday, while its joint venture with Indian Oil Corp bid for 20. A unit of state gas ...

Bloomberg A strike curtailed oil production off Norway for the first time in six years as Royal Dutch Shell Plc shut a North Sea field and workers threatened to escalate labor action at the weekend. Shell was forced to shut down its Knarr field, which produced about 23,000 barrels a day of oil and 3,500 barrels of natural-gas liquids a ...