Bloomberg Oil was headed for its longest run of daily gains since February 2019 after a drop in US crude stockpiles added to signs that the market is starting to balance. West Texas Intermediate futures rose for a sixth day in New York to near $34 a barrel. American inventories fell for a second week, and there was a record …

Bloomberg A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, marking rare progress for such a project as companies scrutinise costs. The first and most significant phase of the financing commitment for the LNG project — which will be Africa’s biggest private investment yet — …

Bloomberg The UK transmission network is under pressure as it grapples with a flood of green power and lower demand, according to new research published on Thursday. Intermittent renewables supplied more than 40% of electricity during first quarter of 2020, overtaking fossil fuels for the first time, according to the Electric Insights report, commissioned by Drax Group Plc and researched …