Bloomberg President Barack Obama and Canadian Prime Minister Justin Trudeau announced steps to limit methane emissions from existing oil and natural gas wells, a move intended to underscore their commitment to combat climate change. Canada and the U.S. are agreeing to reduce methane emissions from oil and gas by as much as 45 percent below 2012 amounts by 2025, according ...

Bloomberg Mexican state-owned oil producer Petroleos Mexicanos has fully revoked a truck-leasing contract that was 63 percent more expensive than a prior agreement, according to a company document. The deal, assigned on Dec. 23 to companies including Integra Arrenda SA, included the leasing of 2,252 6-cylinder 2015-model pickups for an average of 534 pesos a day per vehicle. That compared ...

Bloomberg Every major economy in South America is missing its inflation target. Inflation is near a 12-year high in Brazil, at a seven-year high in Colombia, near a four-year high in Peru and has exceeded the target for much of the past two years in Chile. Argentina, which is starting to restore inflation targeting, has price growth of about 30 ...