Bloomberg Petroliam Nasional Bhd’s South African unit, Engen, and Vivo Energy Holding BV agreed to a deal worth as much as 3.5 billion rand ($256 million) to combine some of their African fuel-retail assets, according to people familiar with the matter. The deal represents about 20 percent of Engen’s equity value, said the people, who asked not to be identified. …

Bloomberg Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell 80,000 barrels a day to 32.47 million a day last month, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That was the lowest level since May, when output was 32.29 million. Angola led the …

Bloomberg Europe’s biggest utility is betting on an Italian green power renaissance to lift business. Enel SpA expects Italy’s new national energy strategy to reverse a decline in green power generation by encouraging companies to help meet ambitious new goals, according to Antonio Cammisecra, chief executive officer of the utility’s renewables unit. “There will be a great renaissance of renewable …