Brent crude fell below $112 a barrel on Thursday as the prospects of more budget battles in the United States and rising oil supply weighed on prices, although upbeat economic data from China limited losses. ›

Amid signs of economic growth in the U.S. and China, the world’s biggest crude consumers, Oil headed for its first monthly gain since August in New York. ›

Oil rose on concern that the clash between Israel and Hamas will escalate into a wider conflict that would endanger Middle East crude shipments. ›

Brent crude oil fell below $109 a barrel on Monday as refineries along the U.S. East Coast wound down operations ahead of the approach of Hurricane Sandy, reducing crude use in the world’s largest oil consumer. ›

It has been said in a report on Friday that Britian faces a potential shortfall in electricity generation in the next three to four years. ›

Analysts said on Monday that Britain may receive more Norwegian gas in the 2012/13 gas year as continental European customers take more Russian supplies, which became more competitive following contract negotiations during the past months. ›

Maintenance at Total’s St Fergus receiving terminal was today extended by a further two days, cutting up to 11.5mn m³/d from the UK system’s gas import capacity. ›

Oil headed for its biggest quarterly gain this year as personal spending in the U.S. rose in line with forecasts, signaling an economic recovery that may boost fuel demand. ›

Oil advanced as optimism that central bank stimulus will revive the global economy pared crude’s biggest weekly decline in more than three months. ›

US Light Crude Oil rose to $100 a barrel in New York for the first time since May as the Federal Reserve pledged further economic stimulus, while unrest in the Middle East and North Africa fanned concern that supplies will be threatened. ›