Bloomberg The trillion-dollar global shipping industry may soon be forced to curb greenhouse gas emissions under new rules backed by the European Union and China. Over 200 representatives convened this week at the International Maritime Organization, the United Nations shipping supervisor based in London, to discuss regulation that could turn their industry, currently responsible for as much as 3 percent …

Bloomberg Oil prices declined for the week, as expanded US drilling activity and added production offset a larger-than-expected drop in stockpiles. Futures fell 3.9 percent, even after US data showed the nation’s crude stockpiles dropped by 6.3 million barrels, three times as much as expected. US drillers went back to adding rigs this week, after breaking a record streak of …

Bloomberg Hungary sees a new pipeline for Russian gas as the “only realistic” step toward energy diversification now, Foreign Minister Peter Szijjarto said on the same day Poland used a visit by US President Donald Trump to announce plans to wean itself off fuel supplies from its Soviet-era master. Hungary signed an agreement this week with Russian energy giant OAO …