Bloomberg Physical cargoes of crude oil from Russia, the US and the Middle East were getting snapped up at higher prices as buyers across Asia entered a bidding war to secure supplies. January shipments of Russian ESPO, a favourite among Chinese and Japanese refiners, were sold at a five-month high premium over Dubai prices after spot differentials for Sokol rose …

Bloomberg South Africa’s power utility, the nation’s biggest producer of greenhouse gases that mainly uses coal for electricity generation, is working on a plan aimed at net zero emissions by 2050. Eskom Holdings SOC Ltd “has an aspirational vision” of reaching the goal, which includes the creation of jobs, the utility said in a reply to questions. “We are currently …

Bloomberg Delta Air Lines Inc is sidestepping millions of dollars in US tariffs on European jetliners by initially routing them far outside the country to such places as Amsterdam, Tokyo and El Salvador. The US carrier has taken delivery of seven European-built Airbus SE planes since President Donald Trump’s levies took effect in October 2019. Rather than flying them home …