Bloomberg It’s gone from a dearth to a glut of oil pipeline projects competing to serve slowing production growth in the Permian Basin. Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already forcing companies to cut fees and could mean lower profits and cutthroat competition ...

Bloomberg South African power utility Eskom Holdings SOC Ltd, which generates about 95% of the country’s electricity, extended power cuts that started on January 4 until Monday after a conveyor belt failure at its Medupi plant — just as Andre de Ruyter officially takes over as head of the cash-strapped company. Eskom extended stage 2 load-shedding, the local term for ...

Bloomberg President Donald Trump said the US has identified 52 Iranian sites it would hit if Tehran retaliates against the assassination of Iranian General Qassem Soleimani, stepping back from more conciliatory comments he made after the drone strike on the Islamic Republic’s most powerful military commander. Trump’s tough talk followed Tehran’s threat of a protracted response, and eclipsed his assertion ...