The UK’s effective power generation capacity will be slashed by 4GW from 1 April 2013, new figures have revealed, and some trading sources believe the potential loss of supply has not been sufficiently priced into the UK power forward curve. ›

UK prompt gas prices rose on Thursday morning as colder weather was expected to raise heating demand across the country ahead of the Easter weekend. ›

France said governments are moving closer to an agreement on a release of oil from emergency stockpiles to stem gains in crude that have driven prices to the highest levels in three years. ›

Oil advanced in New York, heading for a second quarterly gain, as investors speculated that sanctions on Iran will tighten and that yesterday’s decline, the biggest this year, was exaggerated. ›

A cloud of explosive natural gas boiling out of the North Sea from a leak at Total’s abandoned Elgin platform forced wider evacuations off the Scottish coast on Tuesday as the French firm warned it may take six months to halt the flow. ›

A growing gas cloud from a leak at a platform operated by Total off Scotland has forced Shell to remove some workers from two nearby rigs for safety reasons. ›

Signs that crude futures may hit much higher levels are converging, say oil traders and analysts, some of whom predict that Brent crude could reach $200 a barrel within the next 12 months. ›

George Osborne’s speech light on green pledges but contains boosts for fossil fuel companies ›

British prompt gas prices rose on Friday morning as planned maintenance at a terminal in Scotland reduced output from the facility, leaving the system undersupplied despite low demand and mild weather. ›

Oil advanced for the first time in three days in New York, trimming a weekly decline as investors bet that fuel demand will increase with an economic recovery in the U.S., the world’s biggest crude consumer. ›