Oil prices edged lower on Tuesday as lingering worries over a global economic slowdown that could hurt demand offset some signs of progress in U.S.-China trade talks.

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European baseload electricity prices for year-ahead delivery rose to close to a month high on Monday, supported by firmer coal and carbon emissions permit prices, while day-ahead delivery contracts were mixed.

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The British day-ahead gas price fell on Monday as a rise in imports from Norway, caused by a boost in flows via Langeled, the largest pipeline between the two countries, oversupplied the system.

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Oil prices largely held steady on Monday, recouping some early losses as investors took stock of global economic pressures that could impact oil demand.

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Forecasts for lower wind supply in Germany next week boosted wholesale power market prices for Monday in Friday trading, and fundamentals in the interconnected region tightened on rising demand in France.

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Prompt British wholesale gas prices soared on Friday morning as a series of unplanned outages at gas sites reliant on the Forties pipeline system left the market undersupplied.

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The October 2019 edition of our Energy Newsletter is now available! ›

Our September 2019 Energy Newsletter is now available! ›

Oil prices slid on Friday on jitters over demand from China after the world’s largest oil importer recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States.

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Prospects of rising wind power volumes and of France emerging out of a two-day utility workers’ strike that curbed capacity raised European day-ahead power prices on Thursday, while demand eased across the region.

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