Bloomberg Oil declined from the highest settlement in 11 weeks on signs Russia is supporting plans to start easing supply cuts from July, while tensions between the US and China escalated amid the specter of sanctions. Futures fell 1% in New York. Moscow wants to scale back curbs in line with the Opec+ deal, according to people familiar with the …

Bloomberg Europe is betting on emissions-free electricity for big industry in its economic recovery package, drafting measures to scale up the production of hydrogen. The world’s most climate-ambitious stimulus package, which was to be unveiled on Wednesday, is poised to earmark tens of billions of euros for hydrogen technology as well as infrastructure for clean energy. European Commission President Ursula …

Bloomberg Japanese natural gas company Tokyo Gas Co Ltd has made a bet that the future of renewable power will be floating at sea. The more than $22 million investment in developer of floating platforms for wind turbines Principle Power Inc is a sign that fossil fuel companies are continuing to invest to prepare their businesses for a low-carbon future. …