Prices for British wholesale gas edged up on Tuesday, underpinned by concerns over low storage levels, after the previous session’s steep drop from multi-year highs that had been driven by freezing temperatures and supply glitches. ›

European day-ahead power prices on Tuesday rose on stable to lower temperatures and low renewable supply, while those for next week’s delivery fell as warmer weather was on the cards mid-term. ›

Oil futures rose on Tuesday for a third session, underpinned by robust demand forecasts and as ministers from OPEC touted the strength of its agreement to cut output to bolster prices. ›

Prompt British wholesale gas prices surged to their highest levels in at least 10 years on Thursday as freezing weather drove up demand and outages at gas terminals restricted imports, causing a supply squeeze. ›

Oil prices edged up on Thursday after sharp falls in the previous two sessions, though gains were limited as some investors shied away from riskier assets amid volatile equity markets and a stronger dollar. ›

The UK’s gas system operator National Grid has issued a gas deficit warning for Thursday’s Gas Day starting at 0600 GMT as demand is set to significantly outstrip supply due to a number of outages. ›