Oil prices tumbled by 3% on Monday, as the rapid spread of a coronavirus in several countries outside China left investors fretting about a hit to demand.

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Asian spot prices for liquefied natural gas (LNG) rose this week after five weeks of declines, as lower prices sparked cargo purchasing interest from various buyers. ›

European wholesale power prices for delivery early next week diverged on Friday as German contracts surged on a forecast fall in wind power generation while low demand pressured French prices. ›

British prompt wholesale gas prices fell on Friday, pressured by lower demand and expectations of higher liquefied natural gas (LNG) sendout after an outage at the South Hook terminal ends on Saturday. ›

Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. ›

British wholesale gas prices were mostly higher on Thursday morning due to an undersupplied system. ›

Oil prices climbed on Thursday, extending gains from the previous session, as the market shifted focus to supply disruptions, while demand concerns eased following a drop in new coronavirus cases at the epicentre of the outbreak. ›

Europe’s wholesale prompt power market was mixed on Wednesday as German prices firmed on relatively lower local wind power generation, and those in France fell on higher nuclear supply.

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Prompt British wholesale gas prices were mixed on Wednesday morning amid a drop in liquefied natural gas (LNG) sendout and expectations of lower demand due to milder weather later in the week.

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Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day in the province at the centre of the outbreak.

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