Bloomberg Colder-than-normal weather in Europe may this month bring snow to the region’s pistes and increase energy demand and prices. High pressure will keep temperatures below normal levels, particularly in eastern Europe, according to seven forecasters surveyed by Bloomberg News. Europe’s popular ski resorts in the Alps will have “significant” snowfall after a drought in December, according to Tyler ...

  Bloomberg Statoil ASA, one of many international oil companies to slash spending during crude’s collapse, is increasing exploration for the first time since 2013 as cost cuts and lower fees from squeezed suppliers allow it to get more work done for less. Statoil plans about 30 exploration wells as an operator or partner in 2017, up from 23 last ...

  Bloomberg The Canadian government says it won’t grant extensions to exploration licenses for Exxon Mobil Corp., BP Plc and other oil firms as it prepares for consultations over the impact of an Arctic drilling moratorium. The companies hold leases that expire over the next six years, totaling C$1.9 billion ($1.4 billion) in bids. Prime Minister Justin Trudeau and U.S. ...