Bloomberg Oil fell again on Monday along with broader commodities markets, as China’s return from Lunar New Year holidays failed to deliver hoped-for gains. West Texas Intermediate slid near to $78 a barrel after topping $81 last week. Risk-off sentiment appeared to permeate markets as European equities and US equity futures dropped at the start of a week marked ...

Bloomberg Shell Plc’s new chief moved to overhaul the energy major’s core business units just a month after taking the helm. Shell will combine its integrated gas and upstream divisions, and merge its downstream and renewables units, it said on Monday. It’s the second significant announcement in a week after Chief Executive Officer Wael Sawan launched a strategic review of ...

Bloomberg Parts of Johannesburg, South Africa’s economic hub, are being subjected to renewed water-supply cuts as ongoing electricity shortages disrupt pumping operations. A power failure at Rand Water’s Eikenhof pump station, which supplies reservoirs in several high-lying areas of Johannesburg, resulted in critically low levels of supply, the municipality said on Twitter on Monday. While repairs have been completed, it ...