Bloomberg Super Typhoon Yutu could rip into eastern Luzon in the Philippines on Tuesday, extending the toll of destruction it left in the US Northern Mariana Islands earlier this week. Yutu was about 731 miles east of Luzon with winds of about 155 miles per hour, equivalent to a Category 4 storm on the five-step Saffir-Simpson scale, early Saturday US ...

Bloomberg A Chinese archipelago that served as a pirate’s den in centuries past and was governed by President Xi Jinping in the new millennium is luring the world’s energy giants. State-run Saudi Arabian Oil Co. and US behemoth Exxon Mobil Corp. were among firms that signed $24 billion in preliminary deals last week at the International Petroleum and Natural Gas ...

Bloomberg The Trump administration has authorized Hilcorp Energy Co.’s plan to build an artificial gravel island in the Beaufort Sea north of Alaska and use it to extract crude — marking the first approval of an oil production facility in federal Arctic waters. The Interior Department’s conditional approval — subject to seasonal restrictions and other required permits — represents a ...