Bloomberg China’s state-owned oil majors have stepped up Russian imports in a sign that Beijing is ready to give the go-ahead for more purchases of the country’s crude, according to industry consultants Energy Aspects. PetroChina Co. and CNOOC Ltd. recently resumed imports of waterborne Russian oil, with at least three supertankers of Urals-grade crude signalling China as a destination, ...

Bloomberg Air pollution from coal-fired power plants run by South Africa’s Eskom Holdings SOC risks killing 79,500 people from 2025 until they are due to be shut, according to a study submitted to a panel appointed by the government. The research by the Finland-based Centre for Research on Energy and Clean Air (CREA) assumes that the utility will continue to operate ...

Bloomberg Walt Disney Co. shares rose as much as 7% in early trading after Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world’s largest entertainment company, including 7,000 job cuts and $5.5 billion in cost savings. The reductions include plans to cut $3 billion from its budget for movies and TV shows and the rest ...