Bloomberg Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s refineries are running at less than a quarter of their capacity, forcing the country to rely on imported gasoline. Once the cargoes are unloaded at import docks, smaller ships distribute fuel to terminals along the coast, …

Bloomberg The UK might fail to honour commitments relating to emergency fuel stockpiles as its exit from the European Union approaches, a trade group representing the nation’s oil refiners said. Europe manages its fuel inventories as a bloc, so part of the UK’s emergency stocks can be held in other member states. In some cases, the fuels are held by …

Bloomberg PG&E Corp’s financial pain is spreading to some of the power plants that sell it electricity. Fitch Ratings Ltd downgraded the debt of two solar farms in California, citing concern about PG&E’s finances. The utility, which was downgraded last week, is the sole electricity customer for Berkshire Hathaway Energy’s 550-megawatt Topaz Solar Farms and NextEra Energy Inc’s 250-megawatt Genesis …

Bloomberg Equatorial Guinea has banned oil-services company Subsea 7 SA from operating in the central African nation over local content rules, according to a person familiar with the situation. TechnipFMC Plc and Schlumberger Ltd have resolved all issues to do with local content, said the person, requesting anonymity because the information is not public. The Opec member considered the exclusion …

Bloomberg Nine turbulent weeks and a correction in US stocks have left analysts with a thorny question. What’s the market saying about the economy? And while few see incontrovertible signs investors are bracing for a recession, it’s a word that’s been coming up more as they seek a signal in the chaos. From the ascent of defensive industries to the …

Bloomberg The tech sell-off isn’t something UBP Asset Management Asia Ltd.’s Michiel van Voorst is too worried about. What he’s interested in: treasure hunting in the market wreck. The chief investment officer for the region’s equities sees opportunities to invest in companies trading at 6 to 7 times price-to-earnings ratios and around 5 percent dividend yields. That gives investors plenty …

Bloomberg Sales of previously owned US homes rose in October for the first time in seven months, suggesting demand is stabilising at a lower level as available properties become less scarce. Contract closings increased from the prior month to an annual rate of 5.22 million, the National Association of Realtors said. That compared with economists’ projections for sales of 5.2 …

Bloomberg China is discussing a plan to cut tariffs on plane parts imported for domestically developed commercial aircraft, a person familiar with the matter said, a move that may also benefit suppliers such as General Electric Co. and Honeywell International Inc. The Finance Ministry proposal, being reviewed by the State Council, could win approvals in a few weeks, the person …

Bloomberg Black Friday is now possible from the comforts of your living room — but only if retailers’ websites are functioning properly. Some frustrated shoppers are finding that’s not the case. In a year when digital sales are soaring, several big-name chains have reported issues with their online shopping systems. J Crew reported on Twitter that it was experiencing “some …

Bloomberg Canada’s newest player in the aircraft leasing business is ready to flex its muscles. Almada Inc., a Toronto-based private equity firm, is looking to buy as many as 10 additional aircraft for its new leasing fund after acquiring its first five planes. Having raised $80 million ($61 million) from wealthy individuals earlier this month, it has commitments for another …