British prompt gas prices rose on Friday as imports from Norway and the Netherlands dropped and planned maintenance was due to cut offshore supplies at the weekend. ›

Oil fell from the highest level in almost four weeks in New York, trimming a second weekly gain, after a cut in Spain’s credit rating renewed concern that Europe’s economy may falter and curb fuel demand. ›

Oil traded near the highest level in a week after Federal Reserve policy makers said they expect growth to accelerate, boosting speculation fuel demand will rise. Iran said it may halt its nuclear expansion. ›

British prompt gas prices traded higher on Friday, supported by the month-ahead contract which rose on the back of colder weather forecasts, while rebounding oil prices lifted the benchmark front-season price off a two-month low. ›

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. ›