Bloomberg German Chancellor Angela Merkel said she’s determined to serve another full term, rebuffing party critics who say she sold out to the Social Democrats to extend her 12 years in office. Faced with a backlash against last week’s coalition agreement and calls by some in her Christian Democratic Union to start thinking about a successor, Merkel defiantly brushed aside ...

Bloomberg Surging output of US shale oil won’t be a “huge distorter” of efforts by global crude producers to clear a glut, according to OPEC’s president. The market should re-balance this year, given robust demand and producers’ compliance with their pledges to curtail supply, United Arab Emirates Energy Minister Suhail Al Mazrouei, currently the president of OPEC, said on Monday ...

Bloomberg Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places. China to Japan and South Korea are paying top dollar for the super-chilled fuel. The pull is so strong that Norway’s Statoil ASA, which usually exports most of its LNG to Europe, is shipping a rare cargo east. It plans to send more. Asia gets most ...