Bloomberg Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels. “We’re heading towards a phase that could be dangerous if there’s not enough spending on energy,” Saudi oil minister Abdulaziz bin Salman said in Riyadh. The result could be an “energy crisis,” he said. The minister …

  Bloomberg Swedish battery startup Northvolt AB and energy firm Galp Energia SGPS SA plan to develop a lithium-conversion plant in Portugal to supply the region’s growing electric-vehicle industry. The companies said they’ll set up a joint venture with the goal to build a facility with an annual production capacity of 35,000 metric tons of lithium hydroxide — enough to …

  Bloomberg Brookfield Asset Management is in talks for a deal to acquire a stake in Australian energy metering business Intellihub Group, according to people familiar with the matter. The private equity firm is the likely winner of an auction to buy an interest in the residential energy metering firm from its existing Australian backers Pacific Equity Partners, the people …