LONDON­­­­ / Reuters Total will go ahead with development of a giant Iranian gas field this summer, its CEO told Reuters, in the first major western energy investment in the country since Tehran signed an international nuclear deal. Chief Executive Patrick Pouyanne said the French group would make an initial $1 billion investment after the United States extended sanctions relief ...

Bloomberg Oil halted its slide below $45 a barrel as investors weigh a forecast decline in US crude stockpiles against a revival in output from Libya, which is exempt from the OPEC -led cuts. Futures rose 0.3 percent in New York after falling 1.2 percent. US inventories probably shrank by 1.2 million barrels last week, according to a Bloomberg survey ...

Bloomberg Eni SpA was the biggest winner in Mexico’s latest auction of shallow-water oil prospects. The Italian oil giant took three of the 10 areas awarded, the national hydrocarbons commission said during an event in Mexico City. The tender, Mexico’s fifth since it ended a state monopoly in 2014, garnered winning bids from Royal Dutch Shell Plc, France’s Total SA, ...

Bloomberg US natural gas futures slid the most in four months on forecasts for milder weather that would curtail demand for the power-plant fuel after a hot spell last week. Temperatures may be mostly below normal in the central US and average on the East and Gulf coasts from June 24 through June 28, according to Commodity Weather Group LLC. ...

Bloomberg There’s yet another concern growing as oil prices continue to erode: A record US fracklog. There were 5,946 drilled-but-uncompleted wells in the nation’s oilfields at the end of May, the most in at least three years, according to estimates by the US Energy Information Administration. In the last month alone, explorers drilled 125 more wells in the Permian Basin ...

Bloomberg Tata Group is considering an initial public offering of Jaguar Land Rover, the luxury-car maker the Indian conglomerate bought in 2008 for $2.4 billion, people with knowledge of the matter said. Senior Tata Group officials have held preliminary internal discussions over the past few months about the potential listing of Jaguar Land Rover on an international stock exchange, according ...

Bloomberg Analysts love them, investors loathe them. Three out of the seven Indonesian stocks which have unanimous buy recommendations from analysts are residential developers and all of them have fallen by at least 16 percent this year. Predictions that lower interest rates in Indonesia and last month’s decision by Standard & Poor’s to raise its sovereign rating to investment grade ...

Bloomberg Economic reform has slowed the flow of cars, electronics and furniture into India and the roll out of a national sales tax may temper import growth for the rest of this year, according to Maersk Line, the South Asian unit of the world’s largest container shipping company. Imports are more sensitive than exports to the goods and services tax, ...

Bloomberg Tesla Inc. is close to an agreement to produce vehicles in China for the first time, giving the electric-car maker better access to the world’s largest auto market, according to people familiar with the matter. The agreement with the city of Shanghai would allow Tesla to build facilities in its Lingang development zone and could come as soon as ...

Bloomberg India’s largest digital-payments company, Paytm, is seeking a license to set up a money market fund where users can store cash and earn interest, in competition with the country’s banks, according to a person familiar with the matter. Paytm has applied to India’s central Reserve Bank of India to start the fund and increase its offerings to its over ...