Britain’s only long-term gas storage site has suffered further technical problems, raising the prospect of higher prices this winter. ›

The UK Oil and Gas Authority (OGA) has received 29 bids for new licenses to drill offshore oil and gas in the UK Continental Shelf (UKCS). ›

British wholesale gas prices rose on Monday morning on expectations for a drop in temperatures to below normal levels, boosting gas demand for heating. ›

Oil declined for a second day as OPEC’s internal disagreements undermined efforts among major suppliers to reach an agreement in Vienna on trimming output to support prices. ›

The French oil and gas company Total has managed to offset the effects of weak commodity prices by reporting better-than-expected profits in the third quarter of 2016. ›

Oil prices were stable on Thursday, lingering around $50 a barrel, as doubts over OPEC’s ability to organize a coordinated production cut weighed on markets, while firm demand and concerns over Venezuela’s stability offered support. ›

Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. ›

British wholesale gas prices rose on Tuesday on concerns about future supplies from Norway. ›

A possible agreement among global leading oil producers on capping crude output would help to stabilise global oil prices, Russian Deputy Prime Minister Arkady Dvorkovich said on Tuesday ›

Oil prices dipped on Tuesday as disagreement flared within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices. ›