British wholesale gas prices plunged on Monday morning due to strong oversupply caused by a supply jump and lower-than-expected demand.

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Oil prices weakened on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude.

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British wholesale gas prices were mostly lower on Friday morning as expectations of high output from the country’s wind farms curbed demand for gas, leaving the system oversupplied. ›

The German spot electricity price for delivery early next week fell in wholesale trade on Friday as forecasts showed a drop in demand, while power generation from wind and nuclear sources is seen rising. ›

Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric. ›

The British day-ahead gas price fell on Thursday morning as low demand and strong power output from wind turbines offset a sharp reduction in piped gas supplies from Norway. ›

Oil prices fell on Thursday for the first time in three days after San Francisco Federal Reserve President Mary Daly sounded a note of concern about the strength of U.S. economy. ›

British wholesale gas prices rose on Wednesday morning, supported by bullish oil and carbon emission prices. ›

Oil prices rose on Wednesday, with U.S. crude gaining 1.3% after an industry report showed stockpiles in the United States, the world’s biggest oil user, fell more than expected, easing worries about economic growth due to the China-U.S. trade war. ›

European spot electricity prices for next-day delivery posted gains in wholesale trade on Tuesday, buoyed by a forecast of an increase in German consumption, while lower gas and coal generation in Belgium and Netherlands provided support.

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