Bloomberg Oil rose as investors weighed whether output cuts being discussed by the world’s top producers will be enough to offset the demand destruction wrought by the coronavirus. Futures in New York climbed around 3% towards $25 a barrel. Saudi Arabia and Russia are hammering out an agreement that a delegate said will reduce global output by about 10 million …

Bloomberg India, the world’s third biggest oil consumer, is set to snap up millions of barrels of Middle East crude for its strategic reserves, signalling its support for global efforts to rescue the energy market. The purchases are aimed at taking advantage of low prices, according to officials with knowledge of the matter. But two of them said they’re also …

Bloomberg Sweden’s biggest wind farm began producing power this month, and the region’s nuclear reactors are feeling the heat. Vasa Vind AB’s Askalen started commercial output on April 1, increasing supplies in a market already bloated by a massive surplus of water for power generation. A day later, two units at Vattenfall AB’s Forsmark nuclear plant north of Stockholm curbed …