Norwegian oil and gas company Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million, it said on Friday.

LONDON (Reuters) -Oil prices eased on Friday, but were set for a sixth week of gains as progress towards novel coronavirus vaccination programmes fed hopes that demand for fuel would rebound next year.

Anglo American's production, across all minerals, will increase by 14% in 2021, the miner of gold, platinum, copper, diamonds and coal said on Friday, while unit costs are expected to decrease by 3%.

European Union countries agreed a new climate change target for the bloc on Friday after haggling through the night in Brussels, pulling the political trigger on a policy revamp to make every sector greener.

The head of the European Council said the EU was ready to help countries achieve climate targets agreed by EU leaders on Friday but declined to comment on assurances given to Poland and other nations worried about the costs of the green transition.

The deal reached by European Union leaders in the early hours of Friday to cut net emissions at least 55% by 2030 is a step for the bloc towards having zero net emissions in 2050, the head of the European Commission said.

A deal reached by European Union leaders in the early hours of Friday to cut EU net greenhouse gas emissions at least 55% by 2030 makes credible the more ambitious target of having zero net emissions by 2050, the head of the European Council said.

The price of benchmark European Union carbon permits rose to an all-time high above 31 euros a tonne on Friday, after EU leaders reached a deal on more ambitious emissions cuts this decade.

European Union leaders on Friday reached a deal on a more ambitious target to cut greenhouse gas emissions this decade, European Council President Charles Michel said, after all-night talks on the goal at a summit he chaired.

Industrial metals, the best-performing commodities sector over the past six months, look set to extend their surge into 2021 as a China-led global economic recovery, a weak U.S. dollar and potential supply disruptions continue to lend support.