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Bloomberg The International Energy Agency (IEA) cut forecasts for oil demand this year and next because of growing threats to global economic growth, yet warned that dwindling spare oil supplies will keep prices high. Reduced growth estimates from the International Monetary Fund (IMF), trade disputes and the strain of high oil prices all fed into the downgrade to consumption, the …

Bloomberg India is seeking $1.5 billion of investments from global oil producers and traders to build additional emergency crude reserves that will act as a buffer against volatility in oil prices. The plan is to build underground caverns that can hold a combined 6.5 million tons of crude at two locations, Indian Strategic Petroleum Reserves Ltd. Chief Executive Officer H.P.S. …

Bloomberg Electric vehicles (EV) may be commonplace sooner than most people think, and that could signal a bonanza for Chilean lithium producer Soc. Quimica y Minera de Chile SA. Larrain Vial, Chile’s largest brokerage firm, sees global EV penetration at almost 21 percent by 2025, well above the market consensus of 8 percent to 20 percent, Alexander Varschavsky, a senior …

Bloomberg Cracking down on fossil fuels could actually boost profits for the world’s biggest oil companies, though the industry must shift toward cleaner fuels or be left behind by investors, according to Goldman Sachs Group Inc. Major producers including Exxon Mobil Corp., BP Plc and Royal Dutch Shell Plc can slash carbon emissions and still see “materially higher” returns on …

Bloomberg Singapore home prices may rise as much as 10 percent by the end of next year and are on track to double by 2030 as faster income growth overpowers recent property curbs and higher interest rates, according to according to Morgan Stanley. Home prices rose in four of the five previous rate hike cycles, Morgan Stanley analysts said in …

Bloomberg The airline and automotive industries are abuzz with talk of driver-less travel and electric propulsion, so much so that they might seem to be the pacesetters in transport technology. Yet train manufacturers around the world are introducing innovations that may be years away for cars and planes. Rail chiefs met recently at the biennial Innotrans trade fair in Berlin …

Bloomberg Google showed off a pair of new Pixel phones, a tablet computer, and a speaker with a screen in a deluge of new products aimed at competing with the latest gadgets from other big tech rivals. The Pixel 3 and Pixel 3 XL phones offer significant upgrades to prior models by adding a nearly edge-to-edge screen on the larger …

Bloomberg Robot cars make for annoying drivers. Relative to human motorists, the driverless vehicles now undergoing testing on public roads are overly cautious, maddeningly slow, and prone to abrupt halts or bizarre paralysis caused by bikers, joggers, crosswalks or anything else that doesn’t fit within the neat confines of binary robot brains. Self-driving companies are well aware of the problem, …

Bloomberg US President Donald Trump is not alone in blaming the Federal Reserve for this week’s tumble in stocks, as many investors attribute the ebbing of easy money for spurring an outbreak of market turmoil. With Bloomberg Economics declaring October as the month the world’s major central banks together start running down their bond holdings, the withdrawal of liquidity is …

Bloomberg Thailand’s economy is solid enough to handle an interest-rate increase and expectations of tightening this quarter are already partially reflected in the strength of the baht, according to the central bank. A quarter-point hike, or even a climb of 50 basis points, would have “some, but not much” impact on consumer and corporate borrowing, Bank of Thailand Senior Director …