Bloomberg The United Arab Emirates will continue to adjust its oil production until the market rebalances, the Opec member’s energy minister said. “We will continue to deliver on the Opec & non-Opec commitment for voluntary production adjustments, until the global market is re-balanced,” Suhail Al Mazrouei said on Twitter. “UAE compliance for the month of February 2019 will meet, if …

Bloomberg The Trump administration is again seeking severe cuts to the US Energy Department division charged with renewable energy and energy efficiency research, according to a department official familiar with the plan. The official, who spoke on the condition of anonymity, said the Office of Energy Efficiency and Renewable Energy would see its $2.3 billion budget slashed by about 70 …

Bloomberg A $10 trillion global stock rally is showing signs of fragility, and you can blame the economy. Both the American and European benchmarks posted their biggest weekly losses since the darkest days of December’s sell-off, with the S&P 500 dropping 2.2 percent. While the week ended with the European Central Bank’s (ECB) dovish turn and President Donald Trump predicting a …