Bloomberg Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse. The vast pipe networks that haul crude from the Permian Basin are almost completely full thanks to a production boom in the oil-rich area of West Texas and New Mexico. …

Bloomberg Upstart Mexican driller Sierra Oil & Gas S de RL de CV, which co-owns a billion-barrel find in the Gulf of Mexico, has hired Canada’s Scotia Waterous to sell a stake in a nearby exploratory block. “We are negotiating the final terms of the agreement with the buyer,” said Ivan Sandrea, Sierra’s chief executive officer, speaking over the phone …

Bloomberg Thousands of wind turbines from Germany to the UK are set to grind to a halt next week, cutting electricity supplies at the same time as the next wave of hot weather arrives. As the warmest second quarter in 30 years draws to a close, next-month power prices in Europe’s biggest economy are already trading at their highest for …