Bloomberg Marathon Petroleum Corp, the largest US independent oil refiner, said it won’t restart two refineries in California and New Mexico amid concerns that demand for fuels is unlikely to return to pre-pandemic levels this year. Marathon said in a statement it will convert its 166,000 barrel-a-day Martinez, California, refinery near San Francisco into a terminal facility and may add ...

New US sanctions against the Chinese telecom giant Huawei are beginning to bite hard, with a British assessment predicting that the firm may begin running out of complex, US-designed semiconductors and other gear during the next year. The shortage could devastate parts of its business. The Huawei battle is the leading edge of a broad US campaign against Chinese efforts ...

The queens of the skies have fallen on hard times. As Covid-19 has frozen the international travel on which they once thrived, double-decker, four-engine planes like the Airbus A380 and Boeing 747 are more likely to be found in storage than soaring through the skies. Carriers such as Pan Am Corp used the 747 to turn aviation into a global ...