Power & Energy

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    Asian firms set for first quarterly profit drop since mid-2016

    Reuters | Updated at 12:00am on November 29, 2018

    Holiday-quarter profit at Asian companies is likely to drop for the first time in more than two years, following a small rise in the July-September...

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    Wave of refinery closures may push India into importing fuel next year

    Reuters . New Delhi/Mumbai | Updated at 12:00am on November 28, 2018

    A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in...

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    Saudi Arabia pumps record amount of oil bowing to Trump pressure

    Reuters . Dhahran | Updated at 12:00am on November 27, 2018

    Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, as US president Donald Trump piled pressure on...

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    ‘Green fuel’: Bananas to help wean Angola off oil

    Agence France-Presse . Caxito | Updated at 12:00am on November 26, 2018

    Boxes of still-green bananas were shifted one-by-one from a towering stack of crates into a refrigerated shipping container....

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    Businesses seek viable LNG pricing

    Staff Correspondent | Updated at 12:00am on November 25, 2018

    Gas-dependent heavy industry owners said on Saturday that economically viable energy pricing was a must to sustain in the globally competitive market as imported costly...

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    Oil hits year low as OPEC considers output cut

    Reuters . London | Updated at 12:00am on November 24, 2018

    Oil prices fell to their lowest in a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers...

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    Asian LNG prices dragged down by oil slide, heavy supply

    Reuters . Singapore | Updated at 12:00am on November 24, 2018

    Asian spot prices for liquefied natural gas (LNG) tumbled nearly 10 per cent this week to a more than three-month low, knocked lower by a...

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    Oil prices, stock markets slide

    Agence France-Presse . New York | Updated at 12:00am on November 17, 2018

    Global equities sank deeper into the red on Friday following dour economic news from China while a slump in oil prices deepened.US investor appetite was...

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    Germany eases diesel vehicle bans

    Agence France-Presse . Frankfurt | Updated at 12:00am on November 16, 2018

    The German government will ease air pollution law so as to spare cities that only slightly exceed limits on harmful nitrogen dioxide (NO2) from diesel...

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    Pakistan goes against the grain with coal power spree

    Agence France-Presse . Islamkot | Updated at 12:00am on November 16, 2018

    In Pakistan’s bleak Thar desert, the roar of trucks is constant at a massive Chinese-backed coal power project the government sees as an answer to...