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  Medellín / AFP The pilot of a charter plane carrying a Brazilian football team radioed frantically that he was out of fuel minutes before slamming into a hillside near Medellin with 77 people on board, an audio recording showed. Details of the doomed aircraft’s last harrowing minutes emerged on Wednesday as fans mourned the loss of all but six people ...

  Bloomberg While the first OPEC production cuts since 2008 were inked as Asia slept, the winners and losers from the surprise deal are already becoming clear in the world’s biggest oil-consuming region. US crude is hugging $50 a barrel following Wednesday’s 9.3 percent surge, the biggest since February, and Goldman Sachs Group Inc. is projecting further gains of more ...

  Bloomberg OPEC’s decision to shrink oil production is both a blessing and a curse for natural gas markets. It’s bad news for the US gas bulls enjoying a rally that has propelled prices to the highest in two years. Crude explorers have more incentive to drill with oil futures surging on the promised cuts by the Organization of Petroleum ...

  Reuters Sonatrach boosted natural gas sales to Italy by 140 percent in the first 10 months of the year as Algeria looks to bolster energy exports after years of stagnation, two senior officials from the state company said. More effective exploitation of existing fields and expanded pipe-line capacity is helping boost sales, Sonatrach Deputy General Manager for Marketing Omar ...

  Reuters A version of Shamoon, the destructive computer virus that four years ago crippled tens of thousands of computers at Middle Eastern energy companies, was used two weeks ago to attack computers in Saudi Arabia, according to U.S. security firms. CrowdStrike, Palo Alto Networks Inc and Symantec Corp. warned of the new attacks on Wednesday. They did not name ...

  Bloomberg Let OPEC celebrate. For now. The oil club is dizzy with its own success after a harmonious meeting in Vienna, where it surprised the world by agreeing to its first production cut in eight years. In hurried notes just hours after the end of the meetings, analysts joined the party. “OPEC resurrection,” Neil Beveridge at Sanford C. Bernstein ...

  An important trial started at the Court of Justice of the European Union, the EU’s top judicial authority. The judges are trying to determine whether Uber is a taxi company or merely a tech platform that enables customers to find drivers, and the decision, which is not likely to come before April, will serve as a precedent for other ...

  The monthly US jobs report for November that will be released on Friday is unlikely to be so bad that the Federal Open Market Committee would upset market expectations and refrain from hiking interest rates in mid-December. Instead, the data are likely to validate what fixed-income markets have already priced in when it comes to short-term interest rates. The ...

  The curse of the rear-view mirror has struck again. The Bank of England’s stress tests of UK banks were the toughest yet, but didn’t model the impact of the Brexit negotiations or a withdrawal from the EU. Rather than bickering over whether such tests are too tough or too lenient, we should be questioning whether the process itself needs ...

  DUBAI / Reuters Petrochemicals companies led Gulf stock markets higher on Thursday in response to OPEC’s first agreement on output cuts to prop up oil prices since 2008 — a deal that could allow governments to ease austerity policies slightly. Expectations for the deal had already boosted oil and Gulf bourses on Wednesday, but the agreement included bigger production ...