Bloomberg Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources. The city-state is testing floating power projects in its reservoirs, a technology that could help solar meet as much as a quarter of electricity demand by 2025, Deputy Prime Minister Teo Chee Hean said …

Bloomberg Oil was little changed before the release of US inventory data, while OPEC and its allies reassured traders that they’ll complete their strategy to clear a global crude surplus. Futures slipped 0.5 percent in New York after rising 1.1 percent. Government data on is forecast to show that inventories of crude oil fell and gasoline rose, both for the …

TOKYO/KUALA LUMPUR / Reuters Malaysian state energy company Petroliam Nasional Bhd, or Petronas, signed a three-year liquefied natural gas (LNG) supply agreement with JERA Co, with smaller volumes and for a shorter period than its previous deal with the biggest LNG buyer in Japan. JERA, the fuel purchasing joint venture between Tokyo Electric Power and Chubu Electric Power, will buy …