Bloomberg Spain sought to lure investment of as much as 3.9 billion euros ($4.3 billion) in its biggest auction yet for contracts to supply electricity from clean-energy sources, part of an effort to meet European Union targets. The government took bids to supply at least 2 gigawatts and as much as 3 gigawatts of power in time to meet the …

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 …