Bloomberg The Philippines has been left temporarily without any operating oil refineries as one of the world’s longest lockdowns eviscerates demand. Petron Corp, the nation’s largest oil company, said on Tuesday its 180,000 barrel-a-day refinery has been shut since May 5 for maintenance while fuel demand is low. Royal Dutch Shell Plc said the nation’s only other refinery remains temporarily ...

Bloomberg Victims of wildfires blamed on PG&E Corp voted to approve a reorganisation plan crafted by the California power giant, clearing one of the last hurdles in the company’s effort to exit the largest utility bankruptcy in US history. More than 85% of fire victims who cast ballots voted in favour of PG&E’s plan that includes a $13.5 billion settlement ...

Bloomberg China this year will be able to absorb 52% more new wind and solar power capacity than in it added 2019. The world’s biggest energy consumer has space on its grids to add 36.65 gigawatts of wind and 48.45 gigawatts of solar, according to a transmission analysis report by the National New Energy Absorption Monitoring and Warning Center. Grid ...