Bloomberg Crude oil will rise to a range of $50 to $60 a barrel until at least 2018 as demand increases and markets absorb an oversupply that’s led to lower prices over the last two years, according to the acting oil minister of OPEC member Kuwait. OPEC should stick with its policy of pumping at near record levels as ...

  Bloomberg Libya’s government of national unity is working to reopen four of the OPEC country’s biggest oil ports after securing a deal to unify the fractured nation’s state energy company. Four ports accounting for about 860,000 barrels a day in crude-exporting capacity have been shut due to political turmoil and fighting. A July 2 deal to unify rival administrations ...

  Bloomberg Kuwait is taking steps to sell minority stakes in as many as four units of the state oil producer as the Middle Eastern government plans to tap global capital markets for funds and improve efficiency in its most important industry. The government has a four-year plan to organize and execute sales of shares in the international units and ...