Bloomberg Oil posted its fifth straight weekly gain, the longest winning streak since December, as demand recovers and supplies continue tighten in the US and China. Futures in New York rise 3.4% this week to the highest level since October 2018. Demand continues to rebound while the market expects output will only get a modest increase from the Opec+ alliance, …

Bloomberg The US and Germany want to conclude a deal by August to blunt Moscow’s geopolitical gains once the controversial Nord Stream 2 gas pipeline is finished, with the two sides exploring ways to shore up Ukraine’s energy sector and deter Russian aggression through the threat of sanctions. The agreement, which some officials hope to have ready for Chancellor Angela …

Bloomberg Royal Dutch Shell Plc said it plans to buy BP Plc’s stake in a North Sea field they share, superseding a deal agreed by the British oil major last month. “Shell UK Ltd has agreed to purchase BP’s interest in the Shearwater gas hub,” a spokesperson for the Anglo-Dutch company said, without disclosing terms. “The move reflects Shell’s strategy …