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Coal’s fading crown set to get Asian polish, says IEA

Bloomberg Coal may have fallen out of favour in China, North America and Europe but India and other Asian nations will ensure the dirtiest fossil fuel continues to supply more than a quarter of the world’s energy. Rapid economic development in parts of Asia will rely on coal-fired plants, the International Energy Agency said in its Coal 2017 market report. ...

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Oil extends advance towards $58 as US drillers trim rig count

Bloomberg Oil extended gains toward $58 a barrel as US drillers targeting crude reduced the rig count for the first time in four weeks. Futures added 0.7 percent in New York after rising 0.5 percent. US explorers trimmed the number of rigs by four to 747 last week, according to Baker Hughes data. Hedge funds have boosted bets on rising ...

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China’s new policy to infuse life into idle solar plants

Bloomberg China’s plan to introduce a system to monitor and evaluate the solar-power market will help direct new investments to regions where fewer plants are idle, according to industry researchers. The policy, which targets mostly ground-mounted projects, will provide data on where to avoid and where to invest, so it “will alleviate some idle solar capacity,” said Peng Peng, director ...

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