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Industry News from Energy Services

  • April 27th, 2012

UK gas rises on lower imports, weekend maintenance

British prompt gas prices rose on Friday as imports from Norway and the Netherlands dropped and planned maintenance was due to cut offshore supplies at the weekend. ›

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  • April 27th, 2012

Oil Falls From Four-Week High as Spain Cut Renews Demand Concern

Oil fell from the highest level in almost four weeks in New York, trimming a second weekly gain, after a cut in Spain’s credit rating renewed concern that Europe’s economy may falter and curb fuel demand. ›

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  • April 27th, 2012

Oil Near One-Week High as Fed Sees U.S. Economy Growing

Oil traded near the highest level in a week after Federal Reserve policy makers said they expect growth to accelerate, boosting speculation fuel demand will rise. Iran said it may halt its nuclear expansion. ›

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  • April 23rd, 2012

UK May gas up on cold weather, curve tracks firm oil

British prompt gas prices traded higher on Friday, supported by the month-ahead contract which rose on the back of colder weather forecasts, while rebounding oil prices lifted the benchmark front-season price off a two-month low. ›

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  • April 17th, 2012

Brent Falls to $120 on China Data, Euro Zone Worries

Brent crude futures slipped towards $120 on Monday after weak growth numbers from China, the world’s No. 2 oil consumer, and a surge in Spanish borrowing costs triggered worries about global economic growth and demand. ›

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  • April 5th, 2012

ANALYSIS: UK gas could cope with prolonged Elgin outage

A comparison of flow and demand data suggests that the UK gas market could cope with a prolonged outage of Total’s Elgin gas field, although were the outage to continue into winter it could have a greater impact on prices. ›

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  • April 5th, 2012

U.K.’s ‘Fraught’ CO2 Tax on Power Companies Doubles for 2014

The U.K. plans to almost double its carbon surcharge, a measure aimed at spurring investment in nuclear and renewables generation, in its second year. ›

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  • April 5th, 2012

UK facing 4GW electricity generation capacity loss from April 2013

The UK’s effective power generation capacity will be slashed by 4GW from 1 April 2013, new figures have revealed, and some trading sources believe the potential loss of supply has not been sufficiently priced into the UK power forward curve. ›

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  • April 5th, 2012

UK gas prices rise on colder weather forecast

UK prompt gas prices rose on Thursday morning as colder weather was expected to raise heating demand across the country ahead of the Easter weekend. ›

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  • April 2nd, 2012

France Says Agreement on Emergency Oil Stock Use Is Closer

France said governments are moving closer to an agreement on a release of oil from emergency stockpiles to stem gains in crude that have driven prices to the highest levels in three years. ›

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