Bloomberg Oil pared gains in volatile trading after rebounding from one of its biggest daily drops as traders weighed the risks to demand from the omicron variant of Covid-19 and the potential response by Opec and its allies. Futures in New York were up about 3.5% on Monday after earlier rallying as much as 7%. The World Health Organisation warned …

Bloomberg BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition towards cleaner sources of energy. The HyGreen Teesside proposal follows one made earlier this year to develop a blue hydrogen facility in the same location. That would produce …

Bloomberg Airlines, passengers and businesses had to respond to a deluge of travel restrictions introduced to slow the spread of the omicron coronavirus variant. An initial spate of flight bans from southern Africa, where omicron was first detected, gave way to wider-ranging measures that will make travel more expensive and less convenient — if possible at all — recalling earlier …