Reuters Exxon Mobil’s boss Rex Tillerson and Saudi Arabia’s energy minister took opposing views on declining investment in the oil sector setting the stage for a possible major supply crunch. More than two years of downturn that saw oil prices halve to around $50 a barrel today after a boom in U.S. shale oil production have led to a ...

  AFP Japan is eyeing an overhaul of how it measures growth in its economy, and that is stirring fresh questions about the reliability of the world’s go-to indicator – gross domestic product — in the digital age. Researchers at Japan’s central bank crunched some numbers recently and concluded that the booming-economy-turned-perennial-laggard actually grew 2.4 percent in fiscal 2014 rather ...

  Bloomberg China’s biggest coal miner has sprung into action as the government calls on major producers to ease supply tightness before winter. China Shenhua Energy Co. output jumped more than 14 percent in September from the same month last year, while national production was down more than 12 percent, company and government data on Wednesday showed. And as national ...