Brent oil extended its decline from the lowest close in more than 12 years as rising U.S. crude stockpiles added to a swelling global glut. ›

Crude futures slumped again in Asian trade on Wednesday, with U.S. oil dropping more than 3 percent towards $27 a barrel and its lowest since 2003, on worries about global oversupply. ›

The amount of natural gas used for power generation in the UK so far this month reached the highest cumulative amount for January since 2011 after gas- for-power demand neared a five-year high Monday, data from National Grid showed Tuesday. ›

British spot gas prices fell on Tuesday morning as higher imports from Norway and the Netherlands outstripped cold weather and high demand. ›

Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency. ›

British spot gas prices rose on Monday on the back of higher heating demand, while later-dated contracts fell on expectations of milder weather. ›

Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend. ›

Prices of baseload and peakload power for Monday delivery rose sharply on Friday on tightening supply margins, while colder-than-expected temperatures increased power demand for heating, although conditions were seen returning to the seasonal average by the middle of next week, sources said. ›

Oil fell to a new 12-year low below $30 a barrel in New York, while the discount on global benchmark Brent reached a five-year high as Iran moved closer to restoring exports. ›

British spot gas prices were mixed on Friday morning as the within-day contract declined on a well-supplied market and the day-ahead and weekend contracts rose on higher demand ahead of an expected cold snap next week. ›