Europe braced for any gas crisis as Russia sanctions escalate

Europe has enough spare capacity in liquefied natural gas (LNG) to meet a large part of the region’s needs if Russia retaliates against the latest EU sanctions by restricting gas supplies.

Bulgaria halts work on gas pipeline after US talks

Bulgaria is to halt work on its Russian-backed South Stream gas pipeline following criticism from the EU and US. Prime Minister Plamen Oresharski announced that he had "ordered all work to be stopped".

UK energy security at risk as gas imports surge - Centrica

Britain must find new sources of energy fast as the quantity of imported natural gas is expected to increase at a much faster rate than the government had previously expected, the chief executive of Centrica has warned.

Roubini: Iran is the greatest looming threat

LOS ANGELES (CNNMoney) -- Nouriel Roubini gives an audience no shortage of scenarios to keep them up at night, but his number one worry right now is the looming threat of Iran building nuclear weapons.

Oil prices rise on Fed's brighter US outlook

NEW YORK (AP) — Oil prices rose Wednesday after the Federal Reserve boosted its outlook for U.S. economic growth. Benchmark West Texas Intermediate crude added 57 cents to end at $104.12 per barrel in New York.