Oil prices rose 5 percent on Friday to scale the $30 mark breached last week, as cold U.S. and European weather as well as firmer financial markets gave traders reason to cash in on record short positions. ›

UK day-ahead power prices fell further Thursday, extending a three-day losing streak as increased wind power supply coupled with lower demand ahead of the weekend and milder weather conditions weighed on the prompt market. ›

Prompt British gas prices fell sharply on Thursday as a forecast for milder weather was expected to temper demand for heating while lower oil prices weighed on contracts all along the curve. ›

European forward power prices fell to record lows on Thursday as oil prices extended their losses on concerns over global oversupply. ›

Brent oil extended its decline from the lowest close in more than 12 years as rising U.S. crude stockpiles added to a swelling global glut. ›

Crude futures slumped again in Asian trade on Wednesday, with U.S. oil dropping more than 3 percent towards $27 a barrel and its lowest since 2003, on worries about global oversupply. ›

The amount of natural gas used for power generation in the UK so far this month reached the highest cumulative amount for January since 2011 after gas- for-power demand neared a five-year high Monday, data from National Grid showed Tuesday. ›

British spot gas prices fell on Tuesday morning as higher imports from Norway and the Netherlands outstripped cold weather and high demand. ›

Global oil markets could “drown in oversupply,” sending prices even lower as demand growth slows and Iran revives exports with the end of sanctions, according to the International Energy Agency. ›

The Energy Services January 2016 newsletter is now available to view. ›