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Oil supply fears have abated as production rises, says IEA

Bloomberg Fears about global oil supplies have receded after producers pumped more, according to the International Energy Agency (IEA), which a month ago warned of a potential shortage. “Concerns about the stability of oil supply have cooled down somewhat, at least for now,” the agency, which advises most of the world’s major economies, said in a monthly report. “We have ...

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Australia’s oldest LNG ‘allies’ vie in race for gas

Bloomberg After partnering for nearly three decades at Australia’s oldest liquefied natural gas export plant, Woodside Petroleum Ltd. and Chevron Corp. are competing to shape the next phase of the country’s gas development. Both are vying to build a pipeline from hundreds of kilometers offshore that will allow them to develop their own fields, as well as let third parties ...

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Thumbs up to Trump plan to limit China tech deals

Suppose a Chinese electric carmaker wants to win market share by selling cars with the best cutting-edge battery technology. How does it get that technology? It can hire some engineers, build a lab and try to develop it inhouse. It can partner with a university research lab to create it. Or alternatively, it can buy an American company that already ...

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