Bloomberg Police have arrested an 18-year-old man on the UK southeast coast in connection with the detonation of an improvised bomb on a London tube train that injured at least 29 people. The man was arrested in the port area of Dover, a major ferry hub for travel to France, on Saturday and is being held under a section of …

Bloomberg British Foreign Secretary Boris Johnson threw himself back into the Brexit debate with a 4,000-word newspaper article just days before Prime Minister Theresa May is set to refresh her own strategy for the split. Writing in the Daily Telegraph, the figurehead of last year’s campaign to leave the European Union outlined what he called a “glorious” vision for the …

Bloomberg The Trump administration lost another round in its effort to punish cities that don’t cooperate with its crackdown on undocumented immigrants. A Chicago federal judge ruled the US Justice Department can’t withhold millions of dollars in grants supporting public safety from cities that refuse to share with federal officials the immigration status of suspects in custody. The limited restrictions …

Bloomberg Hurricane Jose may threaten New York City (NYC) and other areas of the East Coast by next week, according to the National Hurricane Center. The storm, about 885 kilometers south-southeast of Cape Hatteras, North Carolina, strengthened into a Category 1 hurricane Friday as it churned through the Atlantic Ocean. Jose’s path could put it near New Jersey and New …

Bloomberg India will offer larger areas with higher oil and natural gas reserves in the next auction of discovered fields later this year as Prime Minister Narendra Modi’s government seeks to curtail rising crude oil imports. “The next round would be meatier, bigger and players can expect even better fields,” Atanu Chakraborty, head of oil regulator Directorate General of Hydrocarbons, …

NEW DELHI / Reuters India imported 335,400 barrels per day (bpd) oil from Iran in August, the lowest level since February 2016, posting a fall of about 42 percent from a year ago, according to ship tracking data obtained from industry sources and data compiled by Thomson Reuters Oil Research & Forecasts. August imports from Iran were down 19.2 percent …

NEW DELHI / Reuters Libya’s Sharara oilfield is producing about 180,000 barrels per day (bpd), 100,000 bpd below recent levels, because of security problems, two workers at the field said. They said that a facility about 40 km west of the field was shut because of poor security, hindering the recovery of production since the field reopened after a pipeline …

KHOBAR / Reuters Saudi Aramco is expected to complete the first major unit of a new refinery in southwestern Jizan province by the end of this year but refining operations will only start a year later, industry sources said. The refinery on the Red Sea is part of a plan to revive the region by building an economic city which …

Bloomberg Cnooc Ltd. is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach. After bidding alone for exploration rights in Mexico’s first-ever deep-water auction in 2016, Cnooc is seeking deals known as farmouts, a common type of joint venture where a stake in an oil prospect is exchanged …

Bloomberg A $9 billion stake in one of the world’s biggest oil companies may not be enough for CEFC China Energy Co. A week after China’s largest private energy company struck a deal for a chunk of Rosneft PJSC, it’s been pegged as a possible investor in a Russian metals and power business and a free-trade zone in Georgia’s Black …