Prompt British wholesale gas prices fell on Thursday morning as strong liquefied natural gas output led to oversupply.

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Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fuelled worries about supply.

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Oil prices fell on Monday after an increase in U.S. drilling activity, but held near recent three-month highs on hopes for a trade deal between the United States and China. ›

British wholesale gas prices fell on Friday on warmer and windy weather, while longer-term British and continental gas prices slipped after progress in Russian-Ukrainian gas transit talks.

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Oil prices were steady close to three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook.

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Prompt British wholesale gas prices rose on Thursday morning as lower supply from the country’s liquified natural gas (LNG)terminals combined with weaker imports from Norway, leaving the gas system undersupplied.

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Oil prices remained atop three-month peaks on Thursday, extending a robust streak that began a week ago, as thawing trade relations between the United States and China supported global markets.

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British wholesale gas prices fell on Wednesday morning as gas demand is expected to fall during the warmer weather. ›

Oil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check. ›

British wholesale gas prices rose on Tuesday as the gas system was undersupplied due to lower deliveries from LNG terminals, while gas demand for power generation increased.

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