Bloomberg A political brawl between British Columbia and Alberta over a stalled pipeline expansion is being blamed for handing Vancouver a somewhat dubious municipal distinction. The city recently recorded the highest retail gasoline price on record for a major North America metro, according to GasBuddy, a motor-fuel pricing website. The price hit almost $4.80 a gallon (C$1.70 a liter), a …

Bloomberg Exxon Mobil Corp. is suing two Cuban companies for $280 million, saying they benefited for decades from Exxon property seized after 1959 revolution. The suit was filed in US District Court in Washington, the first day American corporations were allowed to file after the Trump administration lifted a long-standing ban against such actions. The complaint names gov- ernment conglomerate …

Bloomberg Just as Petroleos Mexicanos’ bonds finally recovered from last year’s rout, a dismal earnings report sent them tumbling back down. Pemex said that its oil output declined 12 percent in the first quarter from a year ago, while its refineries operated at just 34 percent of capacity. In the next five days, yields on the company’s bonds maturing in …