Bloomberg Crude purchases in one corner of the oil market by a Chinese trader are contributing to the shake-up of supply flows across the globe. China National United Oil Co. last month bought at least 7 million barrels of Middle East crude for March loading as part of an assessment process operated by Platts used to set price benchmarks, ...

  Bloomberg The world’s biggest solar-thermal power plant is finally producing enough electricity. The Ivanpah Solar Electric Generating System in Southern California initially failed to meet contractual obligations, and a yearlong forbearance deal with Pacific Gas & Electric Co. expired Wednesday. After fine-tuning the complex facility that uses 170,000 mirrors, output is up and it’s no longer at risk of ...

  Reuters Increased refinery maintenance in Asia and the Middle East is expected to boost profits for operators in other regions in the first half of this year, market watchers said on Wednesday. Refineries worldwide ran hard during the past two years to capitalise on low oil prices, with Chinese refineries processing a record amount of crude in 2016, meaning ...

  Bloomberg Iraq’s decision not to reciprocate for US President Donald Trump’s visa ban on citizens of seven mostly Muslim countries offers some reassurance for US oil companies working in OPEC’s second-biggest crude producer. US companies working in Iraq include Exxon Mobil Corp. and oil-service providers Schlumberger Ltd., Halliburton Co. and Baker Hughes Inc. Most expatriates in Iraq work on ...

  Bloomberg US crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and maximize output. The world’s largest oil-consuming country could sell as much as 800,000 barrels a day of crude overseas this year, according to four analysts surveyed by Bloomberg. ...

  Reuters OPEC and non-OPEC producer Russia are shielding Asia from supply cuts agreed in a landmark deal last year as they fight to protect their share of the world’s biggest and fastest growing oil market. Instead, they have reduced deliveries to Europe and the Americas as they implement a coordinated agreement to cut supply by about 1.8 million barrels ...

  Bloomberg Desperate to develop its own mineral deposits, resource-hungry India is trying to revive investment by taking aim at illegal miners like the sand mafia — from a few hundred feet in the air. The government will deploy flying camera drones to track renegades who for years have been extracting everything from sand to coal to iron ore without ...

  Bloomberg India’s largest technology companies head to Washington this month to argue against President Donald Trump’s envisioned tightening of visa programs that Silicon Valley and their own industry rely on to attract talent. The chief executives of the country’s biggest IT services companies will meet with administration officials and lawmakers from Feb. 20 to try and dissuade Trump’s team ...

  Bloomberg Rio Tinto Group, which agreed last month to sell $2.45 billion of Australian assets, has recei-ved approaches for its remaining coal operations in the country, people with knowledge of the matter said. The London-based company is considering options for its Hail Creek and Kestrel mines, including a potential sale, according to the people, who asked not to be ...

  Bloomberg Sony Corp.’s struggling movie division is weighing on the rest of the company, even as the PlayStation is booming and semiconductors show signs of a rebound. The electronics and entertainment company cut its full-year profit forecast a second time in three months after posting quarterly earnings that missed estimates, following a 112 billion yen ($1 billion) charge against ...