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Industry News from Energy Services

  • January 31st, 2017

UK Gas – Prices rise on Rough storage outage

Prompt wholesale gas prices rose on Tuesday morning as a partial withdrawal outage at the country’s largest gas storage site curbed supply. ›

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  • January 31st, 2017

Oil Set for Monthly Loss as OPEC Cuts Seen Spurring U.S. Supply

Oil is set for its first monthly decline since October as signs that U.S. supply is expanding offset OPEC’s production curbs. ›

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  • January 30th, 2017

UK prompt power price contracts rebound as margins tighten

UK day-ahead power contracts climbed higher on Monday, halting a five-day losing streak, on the back of tightening supply margins and bullish spot gas prices. ›

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  • January 30th, 2017

UK Gas – Partial shutdown at gas platform, storage site outage drive prices higher

British wholesale gas prices rose on Monday as a partial shutdown of the Elgin-Franklin platform in the North Sea and an extended outage at a gas storage facility tightened supplies, traders said. ›

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  • January 30th, 2017

Oil extends decline as rising US output weighs

Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. ›

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  • January 27th, 2017

UK Gas – Prices fall on oversupply, milder weather outlook

British wholesale gas prices fell on Friday morning as the gas system was oversupplied and slightly milder temperatures were forecast from the weekend. ›

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  • January 27th, 2017

Oil Heads for Second Weekly Gain as OPEC Continues Output Cuts

Oil headed for a second weekly increase as OPEC and other producing nations continued with output cuts to reduce bloated global inventories and stabilize the market. ›

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  • January 26th, 2017

Spot slides on higher wind output, rising temperatures

European spot electricity prices for day-ahead delivery fell on Wednesday on a forecast rise in power output from renewable wind and solar sources, and a decline in demand due to mild temperatures. ›

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  • January 26th, 2017

Oil prices rise on weakening dollar, but plentiful supplies cap gains

Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market.

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  • January 25th, 2017

UK Gas – Prices slide as milder weather reduces demand

British gas prices fell on Wednesday morning as lower-than-forecast demand, as well as strong flows from Norway and domestic fields, made the system oversupplied. ›

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