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 ...