British wholesale gas prices fell on Friday morning as temperatures and wind power output were set to rise to above normal levels, denting gas demand. ›

Oil prices slid more than 4% on Friday to their lowest since July 2017 after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices. ›

European spot electricity prices for day-ahead delivery slumped on Thursday, pressured by forecasts showing a doubling in German wind power generation and a fall in consumption. ›

British wholesale gas prices mostly declined on Thursday morning, despite an undersupplied system, due to lower demand.

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Oil prices climbed higher on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.

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British wholesale gas prices fell on Wednesday morning due to oversupply.

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Oil prices rose on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak.

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Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism that OPEC will order deeper output cuts this week.

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British prompt wholesale gas prices eased on Tuesday morning as higher deliveries from liquefied natural gas (LNG) terminals helped to offset lower flows from the UK continental shelf.

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European spot electricity prices for day-ahead delivery rose on Monday boosted by an expected rise in electricity demand due to cold weather, while forward contracts posted gains on the back of higher carbon emissions permits and coal prices.

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