British wholesale gas price rose on Wednesday morning as forecasts for lower output from the country’s wind farms and cooler temperatures lifted demand for gas.

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Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed U.S. crude stockpiles were down last week.

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Oil prices were little changed on Tuesday before deadlocked talks between major producers about potential changes in February output are set to continue later in the day while fuel demand concerns lingered amid new COVID-19 lockdowns.

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British prompt wholesale gas prices rose to rose to two-year highs on Monday morning as colder temperatures drove up heating demand and as liquefied natural gas supply was low. ›

Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pandemic keeps worries about first-half demand elevated. ›

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

Oil prices dropped on Wednesday after an industry report showed an unexpected rise in U.S. crude oil inventories, and as President Donald Trump rattled markets by threatening not to sign a long-awaited U.S. COVID-19 relief bill. ›

British wholesale gas prices rose on Tuesday morning, lifted by forecasts for colder weather from tomorrow and lower liquefied natural gas send-out. ›

Oil prices dropped nearly 2% on Tuesday, adding to steep losses from the previous session, as a new strain of the novel coronavirus in the United Kingdom triggered concerns over fuel demand recovery. ›

British wholesale gas prices rose on Monday morning due to an expected rise in gas demand from power plants amid lower wind output and colder weather forecasts. ›