Dash for gas sparks oil switch, pushes more suppliers to brink

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Reuters

By Noah Browning and Susanna Twidale LONDON (Reuters) – Soaring gas prices are forecast to drive a switch to oil and put more energy suppliers in Britain out of business, while industry groups called on Thursday for government action to ensure there is no supply interruption this winter. Natural gas prices, particularly in Europe, have rocketed this year due to lower-than-usual stocks, reduced supply from Russia, the onset of colder temperatures and infrastructure outages. The inexorable rise prompted some analysts to forecast v a boost to global crude demand of several hundred thousand barrel…

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