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 …

Bloomberg Forecasts for a warm start to December are raising the specter of a third straight mild winter, sending US natural gas futures sliding the most since February. A midday update to the government’s Global Forecast System weather model maintained a “much too warm” pattern through December 6, despite a couple of cool shots across the northern tier of the …

Bloomberg Indians grappling with the risk of stroke, heart disease and lung cancer from pollution have to contend with an unlikely adversary: The taxman. Prime Minister Narendra Modi’s rollout of the country’s biggest tax overhaul in decades is encouraging the use of petroleum coke, a fuel that spews more emissions than others. That’s because it’s being taxed at a rate …