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Industry News from Energy Services

  • September 30th, 2016

Europe Power – German forward prices higher, while coal and oil weaken

Benchmark European forward electricity recouped some of the ground lost late on Thursday which had dented a recent rally. ›

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  • September 30th, 2016

Oil prices slide on profit-taking after two-day jump

Oil prices dropped on Friday as investors took profits following a seven-percent rise in the last two sessions, amid doubts that OPEC’s first planned output cut in eight years would make a substantial dent in the global crude glut. ›

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  • September 29th, 2016

Oil prices slip as focus shifts to details of OPEC deal

Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb oil production – the group’s first such deal since 2008 – would be enough to rebalance a heavily over-supplied world market. ›

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  • September 28th, 2016

UK Gas – Prompt firms as storage withdrawals cease

British wholesale prompt gas prices rose in thin trade on Wednesday as storage sites ceased pumping out supply and as analysts forecast stronger day-ahead demand. ›

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  • September 28th, 2016

Oil Halts Loss Before OPEC Meets as Saudis Signal Future Deal

Oil halted losses below $45 a barrel after Saudi Arabia signaled it may compromise with regional rival Iran on a future output agreement as both countries expect no deal when OPEC members meet Wednesday in Algiers. ›

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  • September 27th, 2016

Oil prices slip on profit-taking as investors await U.S. stockpile data

Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 percent in the previous session.
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  • September 27th, 2016

First US shale gas arrives at Ineos plant in Scotland

A tanker carrying 27,500m3 of ethane from US shale fields is due to dock at Grangemouth, the refinery and petrochemicals plant owned by Ineos. ›

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  • September 26th, 2016

UK prompt power prices ease on stronger wind forecast

UK day-ahead power contracts eased Monday as wind availability was forecast to increase sharply Tuesday alongside a moderate dip in power demand. ›

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  • September 26th, 2016

Dutch, German natural gas spot prices up on unplanned Norway outages

Dutch and German spot gas prices rose Monday morning as unplanned outages occurred in two Norwegian assets amid corrective maintenance commencing at the Kollsnes asset with an extended duration. ›

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  • September 26th, 2016

UK Gas – Prices fall on strong UK Continental Shelf flows

British wholesale gas prices opened lower on Monday morning as strong supplies from the UK Continental Shelf resulted in oversupply. ›

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