Local politicians said the facility, the country’s first new coal mine in decades, would create hundreds of jobs.

An immediate impact on oil supplies in Europe was not expected, partly because the embargo has been in the works for months.

The group, OPEC Plus, reaffirmed an output cut in October as “the right course of action” but outlined no further changes before an E.U. embargo...

As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its own interests.

The British government threw its weight behind nuclear power, saying it would invest in a major new nuclear plant co-owned by France’s state utility.

Makers of wind turbines are reporting mounting losses, and fret about losing out to rivals from China, as countries chase ambitious clean energy targets.

Chilled gas from the United States has helped replace fuel from Russia, upending European energy markets.

The bumper earnings from the world’s largest oil company were, nonetheless, a slight decline on the previous quarter.

The two European companies reported earnings totaling nearly $20 billion, partly on higher energy prices as Russia’s war in Ukraine continues.

A combination of full storage, lower demand and mild weather, among other factors, has eased concerns of a spike in heating and power prices —...