(Bloomberg) --Oil and gas will be part of the UK energy mix “for many, many years” opposition leader Keir Starmer said as he sought to reassure union critics of his Labour Party’s plans to phase out fossil fuels from the North Sea. The Labour proposals to ban all new North Sea oil and gas licenses are “naive” and would create a “c...

(Bloomberg) –  Saudi Arabia will make an extra 1 MMbpd oil supply cut in July, taking its production to the lowest level for several years after a slide in crude prices. The bold move by the most important member of the OPEC coalition came at the cost of ceding ground to two key allies: Russia, which made no commitment to cut output deeper...