Energy

  Bloomberg Diesel markets are jumping everywhere, a positive indicator for oil prices more widely. In Asia, the lowest inventories in years have driven margins from making the fuel to a four-month high. Winter there is chillier than usual and demand for transport, industrial and heating fuels are getting a boost. The continent is contending with significantly less supply from …

  Bloomberg Thyssenkrupp AG plans to hold a majority stake in its rebranded electrolysis unit after its initial public offering to tap into the growing market for green hydrogen to fight climate change. The engineering conglomerate is preparing to list its electrolysis plant business this year, renaming it Nucera, in a move that could value the unit at as much …

  Bloomberg High seaborne prices for coal will push India to lift domestic supplies and accelerate efforts to curb imports, according to a top government official. The country’s miners, including state-run Coal India Ltd., are preparing to meet the entire coal demand from grid-connected power plants in the fiscal year starting in April, federal Coal Secretary Anil Kumar Jain said …

  Bloomberg Soaring energy prices are putting the squeeze on European consumers desperate for some relief after two years of coronavirus, lockdowns and job worries. The financial pain is taking a toll on households, who are more worried about prices than at any time this century, and feel less inclined to splurge, according to a European Commission survey. If demand …

  Bloomberg Electricite de France SA delayed the startup of a new nuclear reactor in western France that was already a decade late, and raised its budget for the project yet again. Fuel will now be loaded into the Flamanville-3 reactor in second quarter of next year rather than at the end of 2022, EDF said on Wednesday, citing complications …

  Bloomberg AP Moller-Maersk A/S, one of the world’s largest oil consumers, is ramping up plans to eliminate carbon emissions after finding green alternatives to fuel its fleet of ships. The container shipping giant said it will hit its goal of becoming carbon neutral in 2040, 10 years earlier than planned, and the target will now also cover indirect, so-called …

  Bloomberg Chinese coal futures fall to the lowest level this year after Indonesia allowed some cargoes to leave ports as it considers lifting a temporary ban on exports of the fuel. Thermal coal on the Zhengzhou Commodity Exchange dropped by as much as 2.9% on Tuesday after Indonesia’s government said the previous day that it would immediately release 14 …

  Bloomberg BHP Group will buy a minority stake in a Tanzanian nickel project as the world’s biggest miner seeks to expand in commodities that will be central to the green-energy transition. BHP’s investment in Kabanga Nickel Ltd. comes less than a month after the commodities giant bowed out of a bidding war for Noront Resources Ltd., which owns nickel …

  Bloomberg A “colossal” investment in nuclear energy will be needed over the next 30 years to meet the European Union’s emissions reduction targets and growing demand for electricity, the bloc’s internal market chief Thierry Breton said. Existing nuclear plants need 50 billion euros of investment through to 2030, while the next generation will require 500 billion euros ($568 billion) …

  Bloomberg UK households face a $24 billion spike in their energy bills in April, and the government is running out of time to do something about the biggest reason why: ballooning wholesale costs. Finding a way to help energy companies lessen that 18 billion-pound jolt, or at least spread it over several years, would be the most effective option, …