BLOOMBERG European natural gas prices rose as strikes in France that are prolonging outages at the nation’s energy infrastructure increased worries about supply. Nuclear reactor availability in the country has dropped to 57%, driving up local power prices. The strikes have also hit oil refineries and liquefied natural gas import terminals. A short cold spell is passing through Europe, adding …

BLOOMBERG PetroChina posted a record annual profit following a global spike in energy prices and rising output of oil and gas. China’s largest oil producer reported net income of 149 billion yuan ($21.6 billion) for 2022, according to international financial reporting standards, up from 92 billion yuan a year earlier, the company said in a stock exchange filing. Parent company …

CANBERRA / WAM Australia’s government expects to win approval for a flagship climate policy to rein in the country’s worst polluters after agreeing to rules that could curb development of new fossil fuel projects, Bloomberg reported. The country’s revised safeguard mechanism, which would compel around 215 of the nation’s most emitting industrial sites to cut greenhouse gas emissions by about …