Bloomberg Shell Plc suspended production at a floating liquefied natural gas (LNG) facility off the west coast of Australia after a fire broke out, tightening fuel supplies to Asia right as winter starts to boost consumption. The “small fire” at the Prelude LNG facility was detected and was “quickly contained using a hand-held extinguisher,” Shell said in a statement. ...

Bloomberg China’s reopening is disrupting energy markets as the abrupt shift from Covid Zero shutters industry and upends the usual flow of commodities. A dramatic surge in infections is having a short-term impact on the supply chain for solar companies, the China Silicon Industry Association said in a statement. Many manufacturers of the wafers used in solar panels have curtailed ...

Bloomberg Australia is eyeing India’s burgeoning middle class to help offset the economic damage wrought to some of its major exports by the twin headwinds of Covid-19 and heavy restrictions imposed by its biggest trade partner, China. With a middle-to-high income population of about 85 million people, according to Pew Research — roughly three times Australia’s total population — it’s ...