Bloomberg American fingerprints are all over oil’s record losing streak that’s plunged prices into a bear market. The State Department’s zigzag on Iran sanctions, President Donald Trump’s tweets about Opec supply, the demand-sapping trade war with China and the explosion of shale oil production are all key factors leading to the collapse in crude prices since early October, Ed Morse, ...

Bloomberg ConocoPhillips plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at up to $3 billion in a sale, according to people with knowledge of the matter. The assets, which would include what’s left of its holding in the Clair Field, are likely to draw interest from private equity-backed ...

Bloomberg China, the driver of global demand, is forecast to become the world’s largest gas-buying country with net imports approaching the level of the European Union by 2040, according to the International Energy Agency’s the World Energy Outlook. China already overtook South Korea as second-largest LNG importer last year and is on track to surpass Japan. By 2040, it will ...

Bloomberg The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc. announced that Flipkart co-founder Binny Bansal was leaving the company after an independent probe into allegations of assault. While Bansal denies any wrongdoing and the investigators didn’t ...

Bloomberg A glut of sugar from India, the world’s second-largest producer, has hit the London exchange as traders sold the sweetener to settle the expiration of December futures. ED&F Man Holdings Ltd. took delivery of about 350,000 metric tons of white sugar, with Singapore-based trader Wilmar International Ltd. selling the majority, said people familiar with the process, who asked not ...

Bloomberg Volvo Cars’ performance electric-vehicle brand sees China as its greatest opportunity even as it’s set to face stiff competition from Tesla Inc. The unit, Polestar Performance AB, expects to get as much as half of its sales from the country after it rolls out three models by 2021, said Thomas Ingenlath, the brand’s global chief, at the Guangzhou auto ...

Bloomberg Better watch out Kentucky Fried Chicken, Jollibee is planning to eat into your markets. Jollibee Foods Corp. wants to expand to 150 stores in the US in five years from 37 branches now, Chief Executive Officer Ernesto Tanmantiong said. The company also plans 100 additional stores in Canada as part of a push to land in the world’s top ...

Bloomberg Palladium prices are shattering record highs, and investors are betting that tight supplies mean the bull run is just getting started. The metal, used in pollution-control devices in cars, has jumped almost 9 percent this year in New York, the best performance among major metals. Demand is roaring thanks to China, which is on a mission to reduce smog ...

Bloomberg US Vice President Mike Pence traded sharp barbs with Chinese leader Xi Jinping in back-to-back speeches at a regional summit, showing that neither country appears to be giving ground in an escalating trade war. Xi received applause on Saturday when he told the Asia-Pacific Economic Cooperation (Apec) summit in Papua New Guinea that implementing tariffs and breaking up supply ...

Bloomberg The implications are unsettling: 15 minutes before a fire was reported among the trees north of Sacramento — the spark that would explode into the deadliest blaze in California history — a PG&E power line in the area went offline. A week later, at least 56 people have been found dead — and PG&E Corp is facing its gravest ...