The worst February cold spell Europe has seen in decades may last until the end of the month, leading meteorologists said, raising the prospect of further deaths and an extended spike in European spot gas prices. ›

Oil declined in New York on concern that Greece will fail to take sufficient steps to avert a default, threatening Europe’s economy and fuel consumption. ›

Oil traded near the highest level in three days in New York as speculation supplies from Iran will be disrupted countered concern that economic growth will slow. ›

Oil advanced in New York, trimming the biggest weekly decline in a month, as signs Europe’s debt crisis is easing countered indications a proposed embargo on Iranian crude will be delayed. ›

Oil rose in New York for the first time in four days as Venezuela said OPEC shouldn’t intervene to offset sanctions against Iran and European leaders are scheduled to discuss strategies for resolving their debt crisis. ›

Growing tension with Iran and a threat to global crude supplies may be dominating oil traders’ attention but a potentially bigger story is breaking on the demand side of the market. ›

Oil climbed in New York after manufacturing activity in China and India expanded, while concern persisted that further sanctions against Iran may disrupt supply. ›

Oil rose, heading for its first weekly gain in three, as tension between Iran and the West heightened speculation Middle East supply may be threatened. ›

Europe’s power markets will face a risk to security of supply if there are severe weather conditions this winter — defined as those which may be expected one in every 10 years to significantly increase demand or reduce supply — following the shutdown of eight nuclear reactors in Germany, the European Network of Transmission System Operators for Electricity (Entso-E) said. ›

Gas prices are set to rocket in the next three years as demand peaks before levelling out as production exceeds demand. ›