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Bloomberg Londoners this morning woke up to the rare sight of the city blanketed in snow as the icy blast from Siberia that’s causing havoc across Europe will linger for at least this week. Temperatures across Europe have plummeted and forecasters predict they will remain as much as 8 Celsius below average (14.4 Fahrenheit) in Britain through the weekend. UK …

BEIJING / Reuters At least 10 of China’s domestic liquefied natural gas (LNG) plants have resumed output in the past week after the government cut off their supply, providing the first signs that the country’s gas supply crunch is starting to ease, company sources said. The return of the plants, which liquefy domestically produced gas that is then trucked to …

Bloomberg Oil is poised for its first monthly decline in half a year as January’s rally fades on growing fears over booming US shale supply. Futures in New York were little changed, putting them on course for a 2.8 percent drop in February. An industry report was said to show US oil inventories rose last week, which would be the …

Bloomberg Oklahoma is tightening its rules for fracking after studying a new cluster of earthquakes in one of the hottest US regions for drilling. The Oklahoma Corporation Commission announced that all explorers within certain areas must use equipment known as a seismic array, which detects movement underground. The regulators also lowered the quake threshold for pausing work from 3.0 magnitude …

LONDON / Reuters More than $200 billion of investment in liquefied natural gas is needed to meet a boom in demand by 2030, Royal Dutch Shell, the world’s top LNG trader, said. The LNG market is set to continue its rapid expansion into 2020 as facilities approved for construction in the first half of the decade come on line, in …

TOKYO / Reuters The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said on Tuesday, as the country’s shale oil boom continues to upend global markets. IEA Executive Director Fatih Birol said at an event in Tokyo the United States would overtake Russia as the biggest crude …

RIYADH / Reuters Marriott International expects to attract $2 billion of investment in Saudi Arabia in the next four years by almost doubling the number of hotel rooms it operates there, an executive said. The kingdom aims to boost domestic and international tourism in its drive to diversify the economy away from oil exports. It is has set a target …

Bloomberg Oil traded near a three-week high after a supply disruption in Libya and as investors await US inventory data. Futures in New York slid 0.3 percent after closing at the highest since February 5 as crude exports from a key Libyan terminal were disrupted. The focus now shifts to US stockpiles, which are forecast to have risen last week. …

BARCELONA / WAM The United Arab Emirates is ranked first for the highest-Fiber-to-the-Home (FTTH) penetration among all its global counterparts for a second year in a row, according to the FTTH Council. The council published its annual report that highlighted UAE with a coverage of 94.3 percent compared to countries such as Singapore (90.3 percent), South Korea (81.6 percent), Hong …

Bloomberg Big oil tankers sailing from the US are set to bring along some benefits for refiners in Asia while allowing them to sidestep traders serving the world’s top crude-buying region. The new option to load oil into very large crude carriers at the US Gulf Coast terminal operated by the Louisiana Offshore Oil Port, or LOOP, will reduce costs …