Bloomberg Phuket in Thailand is on lockdown, with most transportation to the island banned, in the latest effort to contain the spread of the novel coronavirus in the usually popular tourist destination. The order will last for at least one month, according to Phuket Governor Pakkapong Taweepat. Boats, cars and trucks providing essential goods and services are exempted. Restricting access ...

Bloomberg Liquefied natural gas (LNG) traders are following the latest trend in the oil market by storing huge amounts of the commodity on tankers, hoping prices will rise before the ship docks. But while crude can sit for months or even years in a tank, super-chilled LNG tends to evaporate even in the specialised vessels that handle it. That limits ...

Bloomberg Energy secretary Dan Brouillette told oil industry representatives that he expected a Saudi-Russia deal on crude production cuts within days. Brouillette’s comments came during a conference call with a broad swath of oil industry representatives, after President Donald Trump met with top executives from Exxon Mobil Corp, Chevron Corp, Phillips 66 and other companies. The discussion was described by ...