Bloomberg All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister. The extension through the first quarter of 2018 will help producers reach their goal of trimming global stockpiles to a five-year average, Khalid Al-Falih said. OPEC and other global producers such as Russia had agreed to …

Bloomberg Nigeria’s manager-level oil union will continue a strike indefinitely at Exxon Mobil Corp.’s local unit, threatening output after talks with the company to end the action reached an impasse, a labor official said. “The meeting broke down, and as of this morning our action has been escalated,” Gbenga Ekundayo, vice chairman of the Petroleum and Natural Gas Senior Staff …

Bloomberg The Egyptian shores of the Gulf of Suez are becoming increasingly attractive to renewable-energy investors seeking to take advantage of the area’s strong, steady winds. That’s a growing problem for the millions of pelicans, white storks, raptors and other birds that fly by every year while migrating between Eurasia and East Africa. The 200-megawatt Gulf of el Zayt wind …