Expectations are rising that BHP Group Ltd will deliver a verdict on the future of its petroleum business next week, as it comes under increasing pressure from cuts. Its fossil fuel footprint.

Japan’s major oil refiners have recovered from last year’s steep losses with all reporting a profit for the April-June quarter, but they continue to face headwinds as Covid-19 cases spiral to record highs in the country’s fifth wave of the pandemic. 

China’s securities regulators punished 19 institutional investors as authorities tighten scrutiny over price-setting behaviours under a more liberalised listing system.

India’s largest gas importer Petronet LNG said on Saturday that some of its customers have postponed spot liquefied natural gas (LNG) imports due to high prices. they have provided long term supplies with more attractive term contracts. 

Olam International, the Singapore-based agricultural trading house, said Friday that it plans to list its food ingredients business on the London stock market next year.

Oil prices dipped on Friday and ended the week little changed after weathering concerns from banks and the International Energy Agency that the spread of coronavirus variants is slowing oil demand. 

China announced scores of new carbon-intensive coal and steel projects in the first half of 2021, research showed on Friday just days after a key UN report urged immediate global action to curb use of fossil fuels and prevent runaway climate change.

US oil major Exxon Mobil Corp, along with Chevron Corp, is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said.

A group of 29 US House Democrats want congressional leaders to include at least $160 billion in additional funding for electric vehicles as part of a $3.5 trillion spending measure, according to a letter seen by Reuters. 

India is set to allow Boeing Co’s 737 Max jets to resume flights in the country within days, Bloomberg News reported on Thursday, citing a person familiar with the matter.

Spending on credit and debit cards in Britain rose in the week to Aug. 5 to 99 per cent of its level just before the pandemic in the week, up by 4 percentage points from the week before, according to payment data provided by the Bank of England.

The Chinese government has asked automakers to strengthen data security and store key data generated locally in the country. 

China will draft new laws on national security, technology innovation, monopolies and education, as well as in areas involving foreigners, the national leadership said in a document published late on Wednesday. 

Britain’s economy rebounded 4.8 per cent in the second quarter as the government began relaxing lockdown restrictions, official data showed Thursday.

Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by the pandemic, potentially torpedoing a private sector central to the country’s efforts to remake its unorthodox and oil-pumped economy. 

Rising demand for oil abruptly reversed course in July and is set to proceed more slowly for the rest of the year due to the spread of the Covid-19 Delta variant, the International Energy Agency said on Thursday.

US consumer prices jumped again in July, as spiking gasoline prices continue to fuel inflation, prompting the White House on Wednesday to call for oil producers to open the taps to boost supply.

China’s tighter social restrictions to fight its latest Covid-19 outbreak, now in its fourth week and involving more than a dozen cities, are hitting the services sector especially travel and hospitality in the world’s second-largest economy.

US cyber security giant NortonLifeLock is to buy Czech rival Avast for over $8 billion to create a leading consumer business, the pair announced Wednesday after the pandemic fuelled online activity.

Volvo Cars, owned by China’s Geely Holding, will temporarily stop production at its Swedish plant in Gothenburg due to the shortage of semiconductor chips, it said on Wednesday.