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Oil holds gains as US crude stockpiles extend decline

  Bloomberg Oil held gains before government data forecast to show US crude stockpiles fell for a fifth week, further reducing an inventory surplus. Futures were little changed in New York, having recovered 6.3 percent since slumping to a five-month low on May 5. Stockpiles probably dropped by 2 million barrels last week, according to a Bloomberg survey before Energy ...

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Cleaner fuel hoard to rise on fight against pollution

  Bloomberg The amount of clean fuel that’s stored across the globe is set to increase as governments tackle pollution, according to the biggest independent storage-tank operator in the world. Royal Vopak NV sees consumption for cleaner energy increasing, and is changing its investment strategy to reflect that, Chief Executive Officer Eelco Hoekstra said in an interview in Kuala Lumpur. ...

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Centrica falls to one-year low

  Bloomberg Centrica Plc, the UK’s biggest energy supplier, fell to the lowest in more than a year after customer losses continued this year and warm weather trimmed consumption of natural gas and power. The utility reiterated its opposition to price regulation, which would reduce competition, cut choice and lead to potentially higher average prices, according to a trading update ...

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