Bloomberg China’s record haul of crude is poised to end as state-issued allowances for imports dwindle, potentially taking the wind out of the uneven recovery across global oil markets. The world’s biggest importer will ship in much less crude in September and October than it did in May and June, with private refiners seeing purchases drop as much as 40%, ...

Bloomberg Oil & Natural Gas Corp (ONGC) posted a 92% plunge in profit after crude prices crashed, production declined and demand for natural gas took a hit from a nationwide lockdown. Net income was 4.96 billion rupees ($68 million) in the three months ended in June, compared with 59.8 billion rupees a year ago, according to a company filing. Revenue ...

Well, that was a nothingbaguette. For French President Emmanuel Macron, his second visit to Beirut since the devastating blasts of August 4 yielded one memorable photo-op, some posturing before the international media, a few airy bromides about the need for political reform and an unspecified threat of sanctions against those who oppose it. For the Lebanese, it produced a loose, ...