Bloomberg In China’s latest efforts to pit renewable energy against fossil fuels, it is again betting on size. Resources such as wind and solar don’t stand much of a chance if there isn’t a way to store energy when the wind doesn’t blow and the sun doesn’t shine. So some of China’s biggest state-owned companies are pouring in billions of ...

Bloomberg It will take more than a year, and perhaps several, for oil demand to recover to what it was before the coronavirus shuttered conomies and caused energy markets to collapse, according to the head of the International Energy Agency (IEA). Crude demand of about 100 million barrels a day prior to the pandemic plummeted by about 30% last month, ...

The US economy has taken a turn for the worse — much worse. The collapse of the job market in late April and early May raises the question (for which there is no clear answer) of whether the economy has fallen into a depression or, if not, faces a long stretch of slow growth, high unemployment and stagnating incomes. The ...