British wholesale gas prices fell on Wednesday, despite the system being undersupplied, following a decline in oil prices and as strong wind power generation is expected to cover part of the country’s energy demand.

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Oil prices fell nearly 2% on Wednesday, weighed down by a weaker demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts.

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European spot electricity prices were narrowly mixed on Tuesday as the bullish impact of higher day-on-day demand projections was counterbalanced by rising wind output in two key markets.

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British wholesale gas prices fell on Tuesday morning on expected falls in consumption over the coming days.

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Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer group OPEC and its allies will keep withholding supply.

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British wholesale gas prices jumped on Monday as annual maintenance work in Norway reduced flows at the start of a week of chilly weather and few LNG tanker deliveries.

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Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington’s withdrawal of a tariff threat against Mexico removed a cloud over the global economy.

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British wholesale gas prices rose on Friday as supplies from Norway fell ahead of maintenance on a large field, recouping some of the losses of recent days.

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Oil prices rose more than 1% on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend their supply cuts.

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British wholesale gas prices fell on Thursday morning as the market remained oversupplied for a second day, due to strong Norwegian gas flows.

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