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Crude falls as Russia opposes deeper cuts

Bloomberg Crude oil fell, snapping the longest winning streak this year, as Russia was said to oppose any proposal to deepen OPEC-led production cuts. Futures dropped 1.7 percent in New York, snapping eight straight sessions of gains. Russia wants to continue with the current deal and any further supply curbs would send the wrong message to the market, according to ...

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UK ‘more dependent’ on EU for natural gas

Bloomberg The UK is becoming more dependent than ever on the European Union to look after its natural gas, even as it negotiates its exit from the bloc. Britain is expected to ship a record volume of natural gas from the UK to Belgium through an interconnecting pipeline on Wednesday, capping a year of buoyant flows to the mainland. The ...

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World’s costliest gas clouding China campaign for blue skies

Bloomberg China has promised to make its skies blue again, but having some of the world’s most-expensive natural gas isn’t helping. The biggest energy consumer on earth wants to use more of the cleaner-burning fuel in place of the coal that’s choking its skies and causing pollution far exceeding the World Health Organization’s daily recommended limit. China has the ability ...

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