Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, as optimism spread about the prospect of a tightening market after OPEC members agreed on a landmark deal to cut production last week. ›

German and French spot power prices jumped on Monday as the market grappled with rising demand and low wind power supply in Germany. ›

British wholesale gas prices fell on Friday morning due to healthy supply and also less demand for gas for heating due to a slight increase in temperatures forecast for next week. ›

Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of implementing the deal. ›

Although it will be impacted by poor generation and supply in France, the UK has enough energy reserves to make it through a cold winter, according to ENTSO-E’s analysis of security of supply risks in Europe. ›

Prompt British gas prices fell on Thursday morning as forecasts of a pick-up in temperatures curbed demand. ›

Crude oil prices steadied around $50 a barrel on Thursday, holding onto most of the big gains made after OPEC and Russia agreed to restrict production, even as analysts warned other producers were likely to top up supply. ›

The UK’s only long-range gas storage facility should be available no later than the start of the December 9th ›

OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. ›

Oil prices fell over 1 percent on Tuesday on market jitters over whether producer cartel OPEC would be able to hammer out a meaningful output cut during a meeting on Wednesday, aimed at reining in a global supply overhang and propping up prices. ›