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Energy Services News

  • July 26th, 2021

Oil falls $1/bbl as coronavirus, floods threaten demand

Oil prices fell nearly $1 on Monday as concerns about fuel demand from the spread of COVID-19 variants, as well as floods in China, offset expectations of tight supplies through the rest of the year. ›

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  • July 23rd, 2021

UK GAS-Prices decline as domestic flows are expected to increase

British wholesale gas prices declined on Friday morning as flows from the UK Continental Shelf are expected to increase. ›

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  • July 23rd, 2021

Oil slips but set to end week steady on tight supply

Oil fell further below $74 a barrel on Friday but was on track to end the week largely unchanged after rebounding from a sharp drop on Monday, underpinned by expectations that supply will remain tight as demand recovers. ›

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  • July 22nd, 2021

Oil prices slip after rise in U.S. crude oil stocks

Oil prices slipped on Thursday after an unexpected rise in U.S. crude oil inventories and as rising COVID-19 infections threaten demand, but prices held on to most of their gains from the previous session on expectations that supplies will remain tight through year-end.

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  • July 21st, 2021

EUROPE POWER-Spot prices dip on rising French renewables

European prompt power prices ticked down on Wednesday as wind and solar supply in France is seen up on Thursday.

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  • July 21st, 2021

UK GAS-Prices rise on low wind output, outages

British wholesale gas prices rose on Wednesday as outages at facilities on the UK continental shelf (UKCS) reduced flows and wind power output remained very low.

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  • July 21st, 2021

Oil retreats on surprise rise in U.S. stocks, weakening demand outlook

Oil prices fell on Wednesday after an industry report showed an unexpected build-up in U.S. oil inventories last week, which heightened worries about a resurgence in COVID-19 infections potentially dampening fuel demand.

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  • July 20th, 2021

EUROPE POWER-Lower German wind supply lifts spot price

German prompt power prices rose on Tuesday as wind supply in the country is expected to continue to fall on Wednesday, while French prices edged down as nuclear availability rose.

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  • July 20th, 2021

UK GAS-Prices mostly fall on improved supply outlook

British wholesale gas prices mostly fell on Tuesday morning with supply and demand fairly balanced and as future supply fears eased with a booking of capacity on the Ukraine-Russia pipeline for August.

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  • July 20th, 2021

Oil rises but COVID-19, supply concerns cloud outlook

Oil prices stabilised on Tuesday after slumping around 7% in the previous session amid a broader market retreat led by concerns about rising COVID-19 infections, which came just as producers inked a new supply deal.

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