Bloomberg Oil rose on signs of progress in trade talks between the US and China, and estimates that American crude inventories retreated for the first time in five weeks. Futures gained 0.6% to trade above $58 a barrel in New York. Washington and Beijing “reached consensus on properly resolving relevant issues” to pursue a “phase one” trade deal during a …

Bloomberg One of the UK’s biggest wind farm developers will combine three offshore wind projects into one massive development, making it more likely the venture will move ahead. Iberdrola SA’s Scottish Power Renewables’s decision means it will consider all the work on a facility with 3.1 gigawatts (GW) of capacity as a single project. The East Anglia wind farms would …

Bloomberg Slumping solar development in China is hobbling growth worldwide. While worldwide installations are still forecast to rise this year, BloombergNEF lowered its global outlook 6% from its previous forecast as an anticipated building boom hasn’t materialised in China, the world’s biggest clean-energy market, according to a report. BNEF now expects 121 gigawatts of solar to be installed globally. “China, …