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. ›

British gas prices fell across the board on Thursday as strong supplies outweighed the impact of the high demand for heating due to falling temperatures.

Please click here to read more ›

Brent oil swung between gains and losses near $30 a barrel as Iran moved closer to boosting exports and exacerbating a global glut.

Please click here to read more ›

British spot gas prices rose on Wednesday as cold weather led to high demand from gas-fired power plants, leaving the system undersupplied.

Gas for within-day delivery gained 1.6 pence to 33.40 pence per therm at 0924 GMT, up 5 percent from the previous settlement.

Please click here to read more ›

Crude futures rose on Wednesday for the first time in eight days, with U.S. oil pulling further away from the widely watched $30-per-barrel level breached the previous session, as Chinese data showed record imports in December.

U.S. West Texas Intermediate crude (WTI) was up 26 cents at $30.70 a barrel at 0608 GMT. On Tuesday, it fell 97 cents to close at $30.44 a barrel, after touching a low of $29.93, which was last seen in December 2003.

Please click here to read more ›

Crude oil fell back to a 12-year low on concerns about oversupply and fragile demand from China on Tuesday, after briefly recovering as investors booked profits.

Click here to read more ›

While OPEC reportedly believes oil will stay below $100 per barrel over the next decade, strategist Helima Croft on Monday said $100 oil is not entirely off the table during that time.

She thinks crude can shoot back up if there is a major supply disruption in a Middle Eastern country.

“You’ve got four wars going on there,” the chief commodities strategist of RBC Capital Markets said

“So I would think it would be geopolitics that would push prices higher.”

The OPEC prediction was revealed in a draft report by the cartel, seen by The Wall Street Journal.

Its most ›