Bloomberg Oil in New York inched higher with investors assessing the impact of supply curbs from Iraq and Libya on the near-term outlook. Iraq pledged to cut output in January and February after pumping more than its Opec+ quota last year, and Libyan guards halted some crude exports after a pay dispute. Crude was also buoyed by a renewed climb …

Bloomberg Renewables are for the first time the dominant power source in Europe’s electric grid. In a year that saw pandemic restrictions sap energy demand across the continent, the drop in supply came mostly from more expensive power from fossil fuels. That helped green sources take the biggest share of the European Union’s generation, a portion that will keep growing …

Bloomberg Russian pipelaying vessel Fortuna has started working at the Nord Stream 2 construction site in Danish waters, defying new US sanctions against the controversial gas-pipeline project. The work being done in the Danish exclusive economic zone is “performed in line with relevant permits” and precede the actual construction of the gas link, a spokeswoman for Nord Stream 2 AG …