Bloomberg After its best January since 2006, the oil market wrapped up the week on a slump as a stronger dollar and weaker stocks added to concerns over booming shale production. Futures slipped 0.5 percent in New York, with oil inversely tracking the US dollar and American equities headed for the worst week in two years. A stronger greenback reduces ...

Bloomberg If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a more likely scenario is it will grow by 20 percent, the company says in separate outlook. The first comes in response to a shareholder vote last year that demanded Exxon publish the ...

Bloomberg India’s increased focus on cleaner cooking fuel may open the door for imports of liquefied petroleum gas from the US, according to Facts Global Energy. The world’s second-largest importer of the fuel raised its target for providing free cooking gas connections to the poor by 60 percent to 80 million families, Finance Minister Arun Jaitley said in his budget ...