Brent crude futures slipped towards $120 on Monday after weak growth numbers from China, the world’s No. 2 oil consumer, and a surge in Spanish borrowing costs triggered worries about global economic growth and demand. ›

A comparison of flow and demand data suggests that the UK gas market could cope with a prolonged outage of Total’s Elgin gas field, although were the outage to continue into winter it could have a greater impact on prices. ›

The U.K. plans to almost double its carbon surcharge, a measure aimed at spurring investment in nuclear and renewables generation, in its second year. ›

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. ›