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India’s ‘electrification Corp’ to lend $1.5bn for clean energy

  Bloomberg Rural Electrification Corp., a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to set ...

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China demand drives Singapore oil storage sales to 11-month high

  SINGAPORE / Reuters Crude oil sales from storage tanks around Singapore rose to an 11-month high in March, with nearly half of the volumes going to China and traders clearing inventories ahead of record shipments to Asia expected to arrive in April. Traders sold a total of 22.6 million barrels of crude from storage in Singapore, southern Malaysia and ...

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Oil trades low as OPEC plans vie with supply gain

  Bloomberg Oil traded near its lowest in two weeks as comments from some OPEC producers that the group will extend output cuts were undermined by signs of rising supply. Futures were little changed in New York after a gain in US output sparked a decline of 3.8 percent on Wednesday, the biggest loss since March 8. The first three ...

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