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 a boost to global crude demand of several hundred thousand barrels per day (bpd), squeezing already tight supply, as countries switch to oil to generate power over the winter. Record high energy prices in Britain and in Spain have already caused some industrial companies, such as steelmakers and fertiliser plants, to curtail production and even led to warnings of food shortages this winter. The squeeze has also been felt in China, […]