Bloomberg Oil prices, already up around 20% this year, could be boosted by China potentially replenishing its inventories and financial investors increasing their long positions, according to Vitol Group. The world’s biggest independent oil trader said there’s a chance China looks to build up stockpiles following the Lunar New Year holiday. “I think it’s fair to state China is …

  Bloomberg Companies are defending Britain’s net-zero plans as the best way to resolve the energy crisis in the long term, after a report that close advisers to the prime minister are warning that a rethink of the policy is needed. Chief executives of SSE Plc and the UK arm of Siemens AG said that a faster pivot toward renewables …

  Bloomberg The US and Japan are close to an agreement that would partially remove tariffs imposed on Japanese steel imports in 2018, Kyodo reported without saying where it got the information. The two countries haven’t finalised the size of a tariff-free import quota and some other details, Kyodo reported, citing anonymous sources. Japan has been calling for a complete …