Prompt British wholesale gas prices rose on Tuesday as supply from the country’s liquefied natural gas (LNG) terminals fell after high winds brought by storm Dennis at the weekend delayed the arrival of some tankers. ›

Oil prices fell by more than 1% on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand.

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European prompt power prices increased on Monday on an expected rise in demand and tighter French nuclear availability which overrode the bearish impact of massive German wind power supply in the interconnected region.

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Trading activity on the British wholesale gas market was subdued on Monday morning due to a school half-term break, with the within-day and front-month being the only products to trade.

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The February 2020 edition of the Energy Services newsletter is now available! ›

Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major producers will tighten crude supply.

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Prompt British wholesale gas prices fell early on Friday as Storm Dennis was forecast to bring strong winds and boost output from the country’s wind farms.

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Oil prices edged higher Friday, on track for their first weekly gain in six weeks, backed by expectations that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic.

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British wholesale gas prices fell on Thursday morning as milder temperatures and an expectation of higher wind power output on Friday reduced demand.

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European prompt power prices for day-ahead delivery posted gains on Thursday, supported by an expected fall in electricity generation from wind turbines, although mild temperatures will erode demand.

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