Bloomberg Oil traded near $48 a barrel as OPEC members sought to reach an agreement on output cuts. January crude fluctuated in New York, rising as much as 2 percent after dipping 1.1 percent. The details of a deal will be finalized Tuesday and “everybody is on board,” Nigerian OPEC delegate Ibrahim Waya said in Vienna, where the group ...

  BENGHAZI / Reuters Libya’s Waha Oil Co says its production has reached more than 75,000 barrels per day (bpd) through the Waha and Samah fields and it expects that to increase when crude from the Jalu field comes online. Production at the Waha field, one of the main contributors to Libya’s Es Sider export grade, resumed last month after ...

  Riyadh / Emirates Business The Middle East is one of the largest importers of French dairy products according to the latest research from the country’s official cheese board, the Centre National Interprofessionnel de l’Economie Laitière (CNIEL). The research puts the Middle East ahead of China (US$354m), North America (US$270m), Switzerland (US$137m) and Australia (US$30m). Edwina Salvatori, Account Director, SOPEXA ...