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Bloomberg China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the US prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter. The freeze on imports by China National Petroleum Corp. (CNPC) and Sinopec is temporary and purchases may resume depending on the outcome …

Bloomberg Lawyers for Exxon Mobil Corp. stood before a New York judge and told the state’s attorney general to “put up or shut up” after spending three years investigating the company’s public disclosures about climate change, saying authorities should sue the energy giant or move on. Attorney General Barbara Underwood filed a fraud lawsuit against Exxon in state court in …

Bloomberg Endeavor Energy Resources LP, the largest privately held oil producer in the Permian Basin, is weighing a sale after receiving takeover interest from major energy explorers, according to people familiar with the matter. Midland, Texas-based Endeavor could draw interest from suitors including Chevron Corp. and BP Plc, said the people, who asked to not be identified because the matter …

Bloomberg China’s Tianqi Lithium Corp. cleared a major hurdle in its bid to buy a $4.1 billion stake in SQM, the world’s second-largest producer of the mineral used in electric-vehicle batteries. Chile’s constitutional court has declared inadmissible a suit questioning whether an agreement between Tianqi and Chile’s antitrust agency FNE went far enough to protect SQM’s trade secrets against its …

Bloomberg Oil tumbled for a third straight week as crumbling equity markets across the globe stoked concern about a slowdown in energy demand growth. A 0.4 percent gain in New York-traded futures wasn’t enough to halt a 2.2 percent decline for the week. Eight of every 10 stocks in the S&P 500 were in retreat as a cavalcade of negative …

DUBAI / WAM The UAE and Bahrain reviewed their latest efforts in administering government financial operations, and also expressed their keenness to cooperate towards achieving common goals that are aligned with their shared vision and history. This was discussed when a delegation from Ministry of Finance of Bahrain visited UAE Ministry of Finance. Younis Haji Al Khoori, Under-Secretary of Ministry …

Bloomberg A sprawling Pacific trade deal led by Japan is on the verge of kicking in provisionally after Canada became the fifth country to sign off, according to a government official. Prime Minister Justin Trudeau’s government sent formal notice of its ratification on Saturday to New Zealand, which is compiling records for the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific …

Bloomberg The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude — marking the first approval of an oil production facility in federal Arctic waters. The Interior Department’s conditional approval — subject to seasonal restrictions and other required permits — represents a …

Bloomberg Adani Enterprises Ltd., best known in Australia for its stalled Carmichael coal project, is nearing completion of a solar power farm in the Bowen Basin in Queensland, a region closely associated with coal mining. Commissioning of the first phase of the Rugby Run solar project will begin in December and power will be delivered from early next year, Adani …

ABU DHABI / WAM Tedros Adhanom Ghebreyesus, Director-General of the World Health Organisation (WHO), in a message on World Polio Day, has thanked His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his continuous efforts to achieve polio-free world. HH Sheikh Mohamed bin Zayed in a …