Bloomberg European oil majors are erasing their pandemic slump as tensions between Russia and the West drive Brent crude above $92 a barrel. The Stoxx Europe 600 energy sub-index is outperforming all other sectors on Friday as crude heads for its seventh week of gains. Shell Plc, BP Plc and TotalEnergies SE led the rally, and the companies have …

  Bloomberg Royal Dutch Shell Plc has made an oil discovery in Namibia, an area where previous explorers have largely failed to find commercial resources. Searching for oil and gas in the waters of the southwest African nation has been compared to the early days of the North Sea, where a number of wells were drilled before any significant discoveries …

  Bloomberg The biggest test of Texas’s newly fortified power grid arrives Friday morning, when electricity demand is forecast to surge as waking residents crank up heaters in the sub-freezing cold. Shortly before sunrise in Dallas, it was 20 degrees Fahrenheit (-7 degrees Celsius). Midland, in the oil- and gas-rich Permian basin, was 10. Highs will only be in the …