Bloomberg Oil falls for a second-consecutive month as a deteriorating demand outlook offset concerns over tight physical supplies. West Texas Intermediate rises, bringing this week’s gain to around 4%. Futures nevertheless recorded their first back-to-back monthly decline since 2020 as fears of an economic slowdown fueled bearish sentiment across markets. The US economy shrank for a second quarter as rampant ...

Bloomberg The UK government won’t be able to insulate as many homes as planned before winter after it scaled back a £1 billion ($1.2 billion) boost to its flagship scheme to help some of the country’s poorest households curb their energy use. A plan was dropped to double the £1 billion of funding in the so-called Energy Company Obligation after ...

  Bloomberg The Russian gas producer Gazprom PJSC halted supplies to Latvia, saying the Baltic nation had “violated the conditions” of its purchases. Flows were cut off, Gazprom said in a statement on Telegram, without providing details. Latvian operator Latvijas Gaze said it would continue to purchase Russian gas through an intermediary. The company said it wouldn’t be buying gas ...