Bloomberg Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency (IEA) predicted, urging Opec and its allies to keep markets balanced by tapping their plentiful spare production capacity. World consumption will once again reach 100 million barrels a day in the second half of 2022 as developed economies bring the virus under control, the …

Bloomberg Group of Seven (G7) leaders debated how strongly to respond to China’s effort to win influence around the world and rebuke it over alleged forced labour practices — with US President Joe Biden taking a more hawkish stance and some other leaders wary of the risk the group is seen as an outright anti-China bloc. Saturday’s talks at the …

Bloomberg Europe’s biggest airlines are seeking to deflect moves to tighten carbon curbs by favouring a less robust offsetting program, according to climate watchdog InfluenceMap. Carriers are pushing to retain the Carbon Offsetting and Reduction Scheme for International Aviation over the European Union’s more rigorous Emissions Trading System, the think tank-said. While Corsia was developed by the United Nations-mandated International …