Bloomberg Sasol Ltd. said it will steer clear of big new investments as the world’s largest maker of fuel from coal reviews existing assets and focusses on completing its $11.13 billion US chemicals plant. Sasol won’t invest in further new gas-to-liquids or crude-oil refining capacity, according to a statement on its website ahead of an investor day being held in ...

Bloomberg Australia’s proposed National Energy Guarantee program could slash investment in large-scale wind and solar projects if the government fails to boost its 2030 emissions-reduction target, according to a report from Bloomberg New Energy Finance. Prime Minister Malcolm Turnbull government’s goal of redu- cing emissions by 28 percent by 2030 only requires an additional 1.5 gigawatts of new large-scale renewables, ...

BEIJING / Reuters China has issued crude oil import quotas for 2017 of 1.5 million tonnes to three independent refiners, three sources familiar with the situation said, a sign Beijing is easing its policy towards these companies sometimes known as teapots. Shandong Qingyishan Petrochemical Technology Co was granted a quota of 800,000 tonnes, Zibo Xintai Petrochemical Co was given 500,000 ...