Oil prices steadied on Wednesday after four days of declines with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide.
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British wholesale gas prices fell on Tuesday, after strong gains the previous day, amid signs of higher Russian supplies, although underlying bullish sentiment remained in place.
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Oil prices fell on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were outweighed by worries over slowing demand amid a spike in the Delta variant of coronavirus infections.
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European prompt power prices diverged on Monday as rising wind power supply was forecast in Germany while demand was forecast to rise in France.
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British wholesale gas prices rose on Monday morning amid uncertainty around Russian imports, higher carbon prices and expectations of lower wind output.
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Oil prices fell more than 1% on Monday, dropping for a third session, after official data showed that refining throughput and economic activity slowed in China in an indicator that fresh COVID-19 outbreaks are crimping the world’s no.2 economy.
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British wholesale gas prices fell on Friday morning due to oversupply as flows increased from Norway and domestic production steadied. ›
Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions. ›
Prompt British wholesale gas prices edged lower on Thursday morning as a ramp up in imports from Norway and weaker demand for gas from power stations left the market oversupplied. ›
Oil prices slipped on Thursday following two days of gains after a call from the United States, the world’s top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions. ›
