Bloomberg Oil rises, paring a hefty weekly decline, as Opec ministers and allies prepare to discuss crude output. West Texas Intermediate futures climbed above $88 a barrel on Friday after slumping almost 11% over the prior three days. Traders shrugged off an announcement by G-7 leaders of plans to cap the price of Russian crude in retaliation for Vladimir ...

  Bloomberg UK gas producers and electricity generators may make excess profits totalling as much as £170 billion ($199 billion) over the next two years, according to Treasury estimates that lay bare the revenue-raising potential of a windfall tax. Treasury officials will deliver the assessment to the next prime minister when they take office on September 6, according to a ...

Bloomberg Germany says it can’t rely on gas supplies from Russia this winter as Europe faces a crunch point in its energy crisis, with Nord Stream flows disrupted by maintenance this week and more works expected next month. Germany’s Economy Minister Robert Habeck is becoming increasingly pessimistic about the role of Russia’s Gazprom PJSC in supplying the vital fuel during ...