Bloomberg The world’s top buyers of liquefied natural gas (LNG) are seeking to defer shipments as the coronavirus pandemic cripples demand and forces more of the heating and power fuel into storage that is nearing capacity. The move signals that efforts to contain the spread of the virus may impact energy consumption far into this year and possibly 2021, worsening ...

Bloomberg Enel SpA is looking for a financial partner to buy as much as 50% of its African renewable business as the Italian energy giant looks to extend wind and solar power projects across the continent. The search for a company to form a joint venture started before the coronavirus outbreak stalled the regional economy and will continue regardless, a ...

Bloomberg The worldwide coronavirus pandemic that’s caused oil demand to plummet has turned the Canadian oil patch’s biggest problem on its head. Rather than having too few oil pipelines, the province now has too many. The collapse in oil demand caused by people staying home has reduced US demand for Canadian crude, leaving pipelines struggling to stay full. After more ...

Bloomberg Even before the pandemic struck, outdoor air pollution was linked to the deaths of as many as nine million people each year. Now two new studies show that Covid-19 patients are more likely to die if they live in regions with high levels of air pollution. Air pollution affects human health in insidious ways. The burning of fossil fuels ...

Bloomberg Continental Resources Inc founder Harold Hamm told Texas oil regulators he expects neighbouring Oklahoma to adopt crude-production limits in a bid to bolster energy prices. Hamm’s comments came during a marathon hearing of the Texas Railroad Commission on whether to enact quotas amid the worst crude-market crash on record. Oklahoma, the fourth-largest US oil-producing state, plans to consider imposing ...

Bloomberg The International Monetary Fund (IMF) wants policy makers to avoid repeating the Depression-era mistake of ratcheting back budget deficits. Instead, it’s urging them to ramp up fiscal stimulus when the coronavirus contagion starts to abate. “Once the recovery has happened and we are past the pandemic phase, for advanced economies it would be essential to undertake a broad-based stimulus,” ...

Bloomberg Finland’s lockdown will cause gross domestic product (GDP) to shrink between 1.5% and 2.0% for each month that it is in place, the Finance Ministry said Thursday. The longer the restriction measures last, the slower the recovery will be, Mikko Spolander, director general of the Economics Department, told reporters in Helsinki. “The danger is that the longer the economy ...

Bloomberg The Trump administration would like to make purchases of milk and meat products as part of a $15.5 billion initial aid package to farmers rattled by the coronavirus, said Agriculture Secretary Sonny Perdue. “We want to purchase as much of this milk, or other protein products, mutton and other products, and move them into where they can be utilised ...

Bloomberg Google parent Alphabet Inc. is slowing hiring for the remainder of the year, the most drastic action by the web search giant since the Covid-19 pandemic began battering its advertising business several weeks ago. Chief Executive Officer Sundar Pichai told staff about the decision in an email. He also highlighted other areas of cost cutting, saying the company will ...

Bloomberg Profits and dividends at Britain’s publicly traded companies are set to halve this year due to the Covid-19 outbreak, Citigroup Inc. predicts. The bank warned clients that the pandemic’s economic impact will be greater in the UK due to the country’s dependency on its services industry, which is deeply affected by social distancing efforts. While consensus is for a ...