British wholesale gas prices rose on Monday morning on the back of reduced supply from Norway and low wind output which increased demand from gas plants.

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Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer.

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European spot electricity prices for early next week delivery tumbled in wholesale trade on Friday as forecasts showed a sharp rise in power generation from wind and solar sources in Germany, while consumption is expected to fall.

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British wholesale gas prices were mixed on Friday morning, with the gas for immediate delivery lower as higher imports from Norway left the system oversupplied.

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Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.

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European baseload electricity contracts for next year delivery extended gains in wholesale trade on Thursday, hitting fresh multi-week highs supported by carbon emissions and related energy contracts. ›

British wholesale gas prices rose in busy trade on Thursday, as some traders looked to boost their positions in a market that was undersupplied while oil was lifting the energy complex.

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Oil futures hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region.

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European spot electricity prices for day-ahead delivery soared on Wednesday on the back of forecasts showing a sharp fall in renewables power generation and a fall in French nuclear generation, while consumption is expected to remain firm in Germany.

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British wholesale gas prices fell on Wednesday, retracing gains of the previous session which had been driven by short covering, despite an undersupplied system as outages in Norway continue.

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