Bloomberg Saudi Arabia, the world’s biggest oil exporter, won’t boost output to capacity and flood the market, the kingdom’s Energy Minister Khalid Al-Falih said as OPEC members plan to meet this month to discuss ways to stabilize crude prices. Saudi Arabia isn’t concerned about global demand in spite of a drop in prices and a slower economy, Al-Falih said ...

Bloomberg Iraq would support a proposal for OPEC and other major oil producers to freeze output at talks in Algeria next month, Prime Minister Haidar Al-Abadi said in Baghdad. The endorsement marks a slight shift by Al-Abadi, who was quoted by Reuters on Aug. 23 saying that Iraq still hadn’t raised production sufficiently. The country’s deputy oil minister, Fayyad Al-Nima, ...

  Bloomberg A Libyan armed force controlling some of the country’s southern oilfields has stopped pumping at two of them because the government has not paid the funds needed to maintain security operations, a brigade commander said. The closures underscore the new Libyan government’s complex task in reviving oil production, which has been battered by strikes, protests and militant attacks ...