Bloomberg Iran shipped its first cargo of oil to Europe since international sanctions ended, signaling more supplies will add to the global glut of crude. The Suezmax vessel Distya Akula departed Iran’s loading terminal at Kharg Island in the Persian Gulf and was located Saturday in the Gulf of Oman off the east coast of the United Arab Emirates, according ...

Bloomberg BP Plc and state-owned Oman Oil Co. agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of $16 billion for the entire project. Block 61 will add 1,000 square kilometers to the original 2,700 square kilometer area of development, BP said Sunday. The ...

When central banks start exploring strange new worlds, the results aren’t always ideal. Quantitative easing wasn’t just a change in monetary policy, but a whole new kind of monetary policy — a journey into the unknown. It isn’t over yet, but there’s already a debate about drawbacks and unintended consequences. With that question far from resolved, another adventure in super-loose ...