British prompt wholesale gas prices declined on Tuesday morning on above average temperatures, reduced demand and high storage levels.

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Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic. ›

British prompt wholesale gas prices dipped on Monday morning as weak demand created oversupply in the market.

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Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of a gradual recovery in demand amid easing coronavirus curbs, with U.S. oil showing no signs of last month’s contract expiry price rout.

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British prompt wholesale gas prices dropped on Friday morning due to weak demand, with some curve contracts supported by other fuels.

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Oil prices jumped more than 3% on Friday, touching more than one-month highs amid signs that demand for crude was picking up with China reporting increased refinery runs, and rounding out a week of bullish news on the supply front.

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European wholesale spot power prices for day-ahead delivery fell on Thursday on an expected rise in German wind and solar power generation, and increased French nuclear output, while demand is projected to dip in both countries.

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The May 2020 edition of the Energy Services newsletter is now available! ›

Oil prices climbed on Thursday following an unexpected drop in U.S. crude stocks, but gains were capped by a bleak outlook for the world’s No. 1 economy as the coronavirus pandemic crushes fuel demand, and concern over a potential second wave of cases.

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Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed U.S. crude inventories are still rising.

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