Bloomberg Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi Oil Minister Jabbar al-Luaibi said that production curbs have contributed to stability in the market and should remain, …

Bloomberg Husky Energy Inc., the best oil-sands stock last year, may emerge as a top pick for investors who are looking to capitalize on surging crude prices and already have shares of the largest Canadian producers. The company controlled by Hong Kong billionaire Li Ka-Shing is the cheapest stock among six producers in North America that also own refineries, trading …

Bloomberg Royal Dutch Shell Plc is investing in a US solar energy developer, continuing its recent expansion into the electricity business. The Anglo-Dutch oil and gas producer will acquire a 44 percent stake in Nashville’s Silicon Ranch Corp., which owns and operates about 100 solar facilities across the US. The investment could be as high as $217 million in cash, …

Reuters India’s Reliance Industries has declared a 30 percent increase in the installed capacity of its export-focussed oil refinery, a government report showed, increasing the size of the world’s largest refinery complex. India’s Petroleum Planning & Analysis Cell (PPAC) in its October report showed 35.2 million tonnes a year as the installed capacity of Reliance’s refinery in the special economic …

Bloomberg Airbus SE Chief Executive Officer Tom Enders slammed Brexit and US President Donald Trump’s pro-America trade policies as presenting twin threats to its business, while singling out the UK’s vote to leave the EU as posing the bigger issue. The developments amount to a “double whammy” of protectionist hazards, Enders said in London at the annual dinner of the ADS …

BLoomberg Amsterdam’s Schiphol airport added 4.8 million passengers in 2017 with the help of a six-runway setup that’s unique in Europe, putting it almost level with Paris Charles de Gaulle as the region’s second-busiest hub. Schiphol, home base to KLM, attracted 68.4 million travellers, consolidating its lead over Frankfurt and putting it within 1 million of the total at Charles …

Bloomberg Woolworths Holdings Ltd. plunged the most in almost two years after South Africa’s largest food and clothing retailer said sales growth slowed in the fiscal first half, while earnings also declined. Revenue increased by 2.5 percent in the 26-week period ending on December 24, compared with 6.7 percent the previous year, the Cape Town-based company said in a statement. …

Bloomberg For years, Lockheed Martin Corp. has been developing a successor to one of the fastest aircraft the world has ever seen, the SR-71 Blackbird, the Cold War reconnaissance craft that the US Air Force retired almost three decades ago. Lockheed officials have said the hypersonic SR-72—dubbed the “Son of Blackbird” by one trade journal—could fly by 2030. But a …

LONDON / Reuters Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources. The two investment banks, among the world’s biggest, have not been asked to attend meetings …

Bloomberg The European Central Bank (ECB) should adjust its policy guidance before the summer and shouldn’t have any problems ending net asset purchases in one swoop after September, Governing Council member Ardo Hansson said. While the Estonian policy maker judged the ECB’s current stance as broadly appropriate, he argued in an interview with German newspaper Boersen-Zeitung that there was a …