Bloomberg Oil rises above $45 a barrel in London for the first time in 10 weeks as financial markets continued to advance on a vaccine breakthrough and US crude stockpiles appeared to retreat. Brent futures advanced in tandem with equity markets, having been buoyed initially this week by the election of Joe Biden as US president and then Pfizer Inc.’s …

Bloomberg China inked its first term deal to buy liquefied natural gas (LNG) from an American exporter since the trade war disrupted deliveries, a sign of confidence that relations with the US could be normalising. Foran Energy Group said it signed a framework agreement with US producer Cheniere Energy Inc to purchase 26 cargoes between 2021 and 2025. The deal …

Bloomberg Royal Dutch Shell Plc will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the White House next year. “Some of the regulatory rollbacks that we’ve seen under the current administration haven’t actually benefited our industry,” Shell US President Gretchen Watkins said. The oil …