Commodities

Oil passes $80 per barrel for first time in three years
Benchmark oil prices have pushed past $80 a barrel for the first time in three years, as concerns about possible shortages grow.

BoA ups target prices for Gazprom and Novatek amid natural gas price spike
Analysts at Bank of America revised their target prices for shares of Gazprom and Novatek higher following the recent spike in natural gas prices.

Goldman lifts year-end Brent crude forecast to $90
Goldman Sachs upped its forecast for year-end Brent crude to $90 a barrel from $80, after prices reached new highs since October 2018.

Government discussing price cap with Ofgem - minister
The government is talking to Ofgem about possible changes to the energy price cap, a junior minister has said.

IEA calls on Russia to up European gas supplies
The International Energy Agency has called on Russia to boost gas supplies to Europe ahead of the coming winter heating season.

UK government considering state loans for energy companies
The UK government is considering offering state-backed loans to energy companies, the business secretary confirmed on Tuesday, as the sector battles soaring wholesale gas prices.

Government mulls bailout for embattled energy sector - reports
The UK government is considering emergency steps to help bailout the energy industry, it was reported on Monday, as wholesale gas prices spiral.
CF Industries shutters UK plants on soaring gas prices
Two UK fertiliser plants have been shuttered by their US owner because of soaring gas prices.