Bloomberg Quantum Energy Partners is in discussions to raise roughly $5.5 billion for a new fund designed to pounce on opportunities that arise amid turmoil in energy markets, according to people with knowledge of the matter. The Houston-based private equity firm, which sold a minority stake to Neuberger Berman’s Dyal Capital Partners, has begun discussing the new fund with prospective ...

Bloomberg One of China’s biggest natural gas distributors flagged the possibility of sub-zero market prices at its shareholder meeting, a scenario that would echo oil’s record plunge last month that stunned global markets. Gas prices could turn negative due to a lack of storage capacity, Wang Yusuo, the billionaire chairman of ENN Energy Holdings Ltd, said. He didn’t specify any ...

Bloomberg Mexico’s energy ministry is seeking to prioritise state-run utilities over new entrants to support supply stability, according to a draft proposal seen by Bloomberg News, a step that could place restrictions on expanding the country’s renewable power capacity. The plan is the latest among moves by President Andres Manuel Lopez Obrador’s administration to reduce private sector generation, which have ...

Bloomberg Murray Energy Corp allegedly violated a bankruptcy financing agreement after manipulating financial information, according to court papers filed by one of its lenders. GACP Finance, owed some $90 million under a loan tied up in Murray Energy’s bankruptcy financing package, delivered a notice of default to the coal miner, court papers show. The lender alleges Murray improperly included non-coal ...

Bloomberg French electricity demand jumped to a six-week high as the nation began to ease restrictions on travel, business and schools as deaths from coronavirus continued to recede. Appetite for power in Italy and Germany continued to rise, leaving the UK, where coronavirus-related restrictions are slowly starting to lift, on its own with consumption falling week-on-week. A pickup in demand ...

The table around which the Supreme Court justices gather for conferences might groan on Friday beneath the weight of cert petitions — requests for the court to accept 11 cases arising from lower court decisions involving plaintiffs seeking redress for violations of their civil rights. In 10 of the cases — in all but one, the government defendants were in ...

It takes economics students a couple of classes to understand why price caps are generally a bad idea. The Italian government has nonetheless chosen to set one for face masks — and it’s learning the lesson the hard way. The problem with picking a price that’s artificially low is that it will cause shortages. Consumers will want to buy too ...

How big is India’s anti-viral package, and how effective will it be? The flashy $265 billion figure Prime Minister Narendra Modi announced in his televised address wasn’t all new spending. It included the $22.5 billion of fiscal support — mainly cash payments for the poor — announced in March as the country was entering total lockdown. The central bank’s funding-for-lending ...

Ever since Michael Flynn resigned as President Donald Trump’s national security adviser three years ago, the president and his allies have taken a keen interest in the practice of “unmasking.” Now his administration has revealed the names of the Obama officials who learned Flynn’s name in intelligence reports — but the information is hardly a smoking gun. Unmasking is a ...

Bloomberg Airbus SE is preparing for permanent job cuts after warning unions that it needs to rein in production amid a collapse in demand, people with knowledge of the situation said. Discussions have begun with labour groups in Germany, France and Spain, the people said, with the formal process expected to start next week. The number of positions to be ...