Bloomberg Indonesia is hiring tankers to store refined fuels at sea as it seeks to take advantage of plunging prices of oil products such as gasoline and diesel. State-owned PT Pertamina has provisionally chartered at least three long-range tankers to store clean fuels, said people with knowledge of the matter. The move comes as Indonesia, one of Asia’s biggest refined ...

Bloomberg Sasol Ltd’s shares, down more than 80% in 2020, are trading as if the market expects years of bad news around oil and that the South African fuel and chemicals giant will struggle to escape its balance sheet constraints. Old Mutual Investment Group doesn’t share that pessimism, said Meryl Pick, a money manager who helps oversee the firm’s 10 ...

Bloomberg Germany’s solar panels produced record amounts of electricity, exacerbating market forces that were already hammering the profitability of the country’s remaining coal plants. Gin-clear skies over central Europe helped photovoltaic plants produce 32,227 megawatts on April 20, beating the previous record on March 23. Bright conditions are expected to continue this week, according to Germany’s DWD federal weather service. ...