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Industry News from Energy Services

  • January 26th, 2011

EU: CO2 Trading To Resume As Soon As Countries Boost Security

Trading of CO2 allowances on the European carbon spot market will resume gradually as soon as countries submit to the European Commission a report confirming they are applying stricter rules, after repeated frauds forced it to suspend trading last week, the commission said Tuesday. ›

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  • January 26th, 2011

Oil Rises From Eight-Week Low as China’s Demand Prompts Buying

Oil rebounded from an eight-week low in New York as forecasts of rising Chinese demand this year spurred bets that crude’s slump was exaggerated. ›

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  • January 20th, 2011

Oil Drops a Third Day as China Inflation Fans Concern Fuel Demand May Slow

Oil fell for a third day, the longest losing streak in nine weeks, as inflation in China bolstered speculation the world’s biggest energy user will take more steps to cool the economy and slow fuel demand. ›

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  • January 20th, 2011

Euro Coal-Prices stabilise, fundamentals seen strong

Prices of prompt coal cargoes stabilised on Wednesday but in the very short-term more profit-taking and liquidation of long positions is expected to trim prices before the fundamentally driven uptrend continues. ›

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  • January 20th, 2011

Carbon Trading Declines as EU Regulator Halts Spot Market on Hacking Probe

Futures trading in European Union carbon allowances fell and an investors group said it was “very concerned” after regulators disabled spot transactions in the world’s biggest emissions program because of alleged hacking. ›

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  • January 11th, 2011

Oil Pares Gains on Speculation U.S. Has Adequate Supply After Pipe Outage

Oil Pares Gains on Speculation U.S. Oil gave up earlier gains to trade near $89 a barrel on speculation the closure of an Alaskan crude pipeline will be short-lived and the U.S. has sufficient stockpiles to make up for reduced supply. ›

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