Bloomberg Oil falls sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for the consumption once again. Crude futures in New York fall 4.6%, while those in London retreated below $40 a barrel, the lowest since October 5. Germany is proposing widespread curbs for a month, while France is preparing tougher restrictions that may include …

Bloomberg Spanish shipbuilder Navantia is stepping up its bet on offshore wind energy, a venture that stands to benefit from the European Union’s fiscal response to the pandemic. The landmark 750 billion-euro ($890 billion) pandemic-recovery aid will encourage Spain to invest more in clean energy. That could galvanise the company’s recent pivot into sea-based power projects, said Managing Director Javier …

Bloomberg Total SE and its partners made a second gas-condensate find off the southern coast of South Africa, a country that imports most of its oil. The “significant” discovery of gas condensate — a light liquid hydrocarbon — comes after Total said last year it had opened up a new “world-class” oil and gas province off South Africa. The drilling …