Bloomberg Australia’s proposed National Energy Guarantee program could slash investment in large-scale wind and solar projects if the government fails to boost its 2030 emissions-reduction target, according to a report from Bloomberg New Energy Finance. Prime Minister Malcolm Turnbull government’s goal of redu- cing emissions by 28 percent by 2030 only requires an additional 1.5 gigawatts of new large-scale renewables, …

BEIJING / Reuters China has issued crude oil import quotas for 2017 of 1.5 million tonnes to three independent refiners, three sources familiar with the situation said, a sign Beijing is easing its policy towards these companies sometimes known as teapots. Shandong Qingyishan Petrochemical Technology Co was granted a quota of 800,000 tonnes, Zibo Xintai Petrochemical Co was given 500,000 …

Bloomberg Forecasts for a warm start to December are raising the specter of a third straight mild winter, sending US natural gas futures sliding the most since February. A midday update to the government’s Global Forecast System weather model maintained a “much too warm” pattern through December 6, despite a couple of cool shots across the northern tier of the …