Bloomberg Oil jumped after a reading on US consumer inflation expectations was revised lower, adding optimism to crude’s demand outlook. West Texas Intermediate traded above $108 a barrel, erasing much of this week’s loss. Friday’s rally comes as the University of Michigan’s final June reading of longer-term consumer inflation expectations settled back from an initially reported 14-year high, potentially reducing ...

  Bloomberg A group of oil and gas producers including Equinor ASA, Shell Plc and TotalEnergies SE are considering building what would be the world’s largest floating wind farm off Norway to power their fossil-fuel activities. The companies are looking at options to build a 1-gigawatt wind farm to power operations in the Troll and Oseberg oil and gas fields, ...

  Bloomberg European power prices surged to the highest level since December after Germany took a step closer to rationing natural gas supplies amid cuts to flows from Russia. Rising gas prices have been pushing up the cost of electricity across Europe, fuelling inflation and increasing the economic burden on businesses and households still recovering from the pandemic. German power ...