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Energy Services News

  • July 3rd, 2020

Oil slides as fears grow that coronavirus resurgence could stunt fuel demand recovery

Oil prices fell on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, stoked worries that a fuel demand recovery could stall.

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  • July 2nd, 2020

EUROPE POWER-Prompt prices fall on higher supply, lower demand

European prompt power prices fell in the wholesale market on Thursday on weaker pre-weekend demand and higher renewables and nuclear supply.

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  • July 2nd, 2020

UK GAS-Prices slip on higher Norwegian imports, oversupply

Prompt British wholesale gas prices fell on Thursday morning as imports from Norway increased, leaving the market oversupplied.

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  • July 2nd, 2020

Oil prices gain on fall in crude stockpiles

Oil prices rose on Thursday, reversing early losses, as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand.

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  • July 1st, 2020

UK GAS-Prompt prices mixed as lower LNG send-out offsets drop in exports

British prompt wholesale gas prices were mixed on Wednesday morning as a drop in exports to continental Europe was offset by lower liquefied natural gas send-out.

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  • July 1st, 2020

Oil rises on signs of economic recovery, ignoring surging infections

Oil prices rose on Wednesday on improving factory activity in China and drawdown in U.S. crude inventories, both indicating an economic recovery and rise in energy demand despite surging coronavirus infections around the world.

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  • June 30th, 2020

UK GAS-Prices rise amid undersupplied system

British wholesale gas prices rose on Tuesday morning amid an undersupplied gas system and a strong rise in U.S. gas and carbon emissions prices in the previous day.

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  • June 30th, 2020

EUROPE POWER-Prompt up on tighter supply, curve at four-month highs

European prompt power prices rose sharply on Tuesday, with Germany’s day-ahead level more than doubling on lower wind output, while forwards contracts also gained.

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  • June 30th, 2020

Oil prices slip on demand worries, prospect of Libyan supply return

Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya’s state oil company flagging progress on talks to resume exports.

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  • June 29th, 2020

UK GAS-Prices mostly rise on lower Langeled flows, cooler temperatures

British wholesale gas prices were mostly up on Monday morning as lower temperatures raised consumption and flows through the Langeled pipeline were down.

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