Bloomberg Australia’s energy retailers face further government intervention in the market if they don’t move to lower power prices for consumers after a drop in wholesale charges, according to Energy Minister Josh Frydenberg. Wholesale charges have fallen by about 30 percent from last year and that should start to flow to customers, Frydenberg said on Sky News. While the companies ...

Bloomberg Rosneft PJSC’s said crude at $70 to 80 a barrel was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, just a week before talks that could phase them out. The producers working together have “restored balance to the market by cutting oil production,” Russia’s biggest oil company said in a statement. ...

Bloomberg Home to some of the busiest flight routes in Europe, whisking passengers across a rugged and mountainous landscape, Norway’s aviation industry now readies to go electric. Norway is one of Tesla’s biggest markets, with about 8,500 cars sold last year. Now, the country whose tourism sales pitch is “Powered by Nature” wants to be a pioneer in the market ...