BONN / Reuters The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas than Russia by that time, he International Energy Agency (IEA) said. “This has implications on the oil markets, prices, trade flows, investment trends and the geopolitics of ...

LONDON / Reuters A consortium behind a liquefied natural gas (LNG) import project in Pakistan, including oil giant Exxon Mobil and France’s Total, has been dissolved, shipping company Hoegh LNG said. Hoegh LNG was due to supply the project’s ship-based import terminal, a floating storage and regasification unit (FSRU), where LNG brought in by tanker is converted back to gas ...

Bloomberg Prime Minister Narendra Modi’s wriggle room to relax his deficit targets just got reduced by Moody’s Investors Service. The government was talking about easing its budget goals as sweeping policy changes hurt growth and revenue. Then Moody’s upgraded India’s sovereign rating to the highest since 1988, prompting a U-turn from the administration. “We’ll continue to maintain the glide path,” ...