Obama aims for oil independence

US President Barack Obama has set out his energy principles, calling for America to become energy independent.

He called for fuel efficiency linked with an

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UK economy downturn 'frightening'

Business leaders have painted a bleak picture of the UK economy, with a survey suggesting a "frightening deterioration" towards the end of 2008.

The British

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Russia orders gas supply restart

Russian state energy company Gazprom has ordered the resumption of gas supplies through Ukraine to Europe, after they were cut for nearly a week.

Russian

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Fears of heightened tension in the Middle East

The price of oil has risen briefly on fears of heightened tension in the Middle East following Israel's offensive in the Gaza Strip.

US light,

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