Energy suppliers held back gas during UK shortage

Some of Britain's biggest energy suppliers were holding back gas in storage tanks at a time when the market ran into an acute shortage two months ago, triggering a doubling of wholesale prices.

BP to use Angolan gas to fuel European homes

BP could be shipping Angolan gas to fuel European homes within months as the oil major confirmed a delayed $10bn (£6.5bn) liquefied natural gas (LNG) project in the west African nation should start exporting by June.

Russia's Rosneft disappoints with fourth quarter profits of £1.2bn

Russian state-controlled oil company Rosneft, in which BP has agreed to buy a 20pc stake, disappointed markets with its fourth-quarter results on Friday.