Bloomberg China’s Sinochem Group is considering listing its oil-related business in Hong Kong, according to people with knowledge of the plan. The state-owned chemicals conglomerate is making ini- tial evaluations of its oil assets, which have a combined va- lue of around 100 billion yuan ($14.6 billion), said the people, who asked not to be identified as the information is ...

Bloomberg Oil slid further into a bear market as rising global supply is countering efforts by OPEC and its allies to drain a glut. Futures fell as much as 1.1 percent in New York after front-month prices closed on Tuesday more than 20 percent below their February peak. Libya, exempt from the OPEC-led output cuts, is pumping the most in ...

Bloomberg Already buffeted by political chaos at home and abroad, the UK gas market must now operate without its biggest stabilizing force: the giant Rough gas storage facility under the North Sea. The planned permanent shutdown of the Centrica Plc site, able to meet 10 percent of peak demand in winter, means Britain is becoming even more reliant on imports ...