Bloomberg The European Union’s executive arm plans to discuss the feasibility of imposing a price cap on natural gas in a document to be presented to member states Wednesday, postponing the publication of a broader action plan on how to deal with soaring costs of the fuel. The European Commission is under pressure from the bloc’s 27 governments to ...

Giorgia Meloni’s triumph as the first woman to lead a winning party in the macho world of Italian politics is not a moment to celebrate, for she has brought the far right into the European mainstream, precisely a century after her Fascist forebear Benito Mussolini seized power. It could take until the middle of next month to know the exact ...

Oil markets are broken. Extreme volatility and a lack of liquidity mean that crude futures have become disconnected from tight physical oil markets. At least that’s what some loud voices in the oil world are telling us. But I suspect they may be talking their own books. Complaining that markets are broken suggests to me that somebody has traded on ...