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Industry News from Energy Services

  • March 31st, 2017

UK Gas prices decline on oversupply, lower demand

Prompt British wholesale gas prices fell on Friday morning due to an oversupplied system and lower demand. ›

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  • March 31st, 2017

Oil Heads for Biggest Weekly Gain in 2017 With Eyes on OPEC Deal

Speculation OPEC will extend its deal to curb output and ease a global glut is sending oil toward its biggest weekly increase this year. ›

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  • March 30th, 2017

EUROPE POWER-Spot slips on consumption decline, increased renewables

European spot electricity prices for day-ahead delivery slipped on Thursday, pressured by a forecast fall in consumption because of mild weather, while an increase in power production from renewable wind and solar sources will also weigh on prices. ›

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  • March 30th, 2017

UK Gas prompt prices edge higher on slight undersupply

Prompt British wholesale gas prices edged higher on Thursday morning in a slightly undersupplied system but are likely to come under pressure later in the day, traders said. ›

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  • March 30th, 2017

Oil up on Libya disruptions, but bloated U.S. market still weighs

Oil prices rose on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains. ›

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  • March 29th, 2017

UK Gas within-day price slips, prompt and forward contracts gain

British within-day gas prices fell on Wednesday in response to lower demand for gas to heat homes and produce electricity, and the early return of flows through the Theddlethorpe terminal. ›

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  • March 29th, 2017

Oil Gains as Libyan Crude Drop Offsets What OPEC Curbs Couldn’t

An unexpected disruption in Libyan crude output is helping oil investors shrug off record U.S. stockpiles that have undermined voluntary supply curbs by other OPEC nations. ›

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  • March 28th, 2017

UK prompt power prices plummet as wind gains momentum, demand drops

UK day-ahead power prices slumped on Tuesday as weakening power demand due to the onset of milder-than-normal temperatures coupled with expectations for higher wind output weighed on the prompt, traders said. ›

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  • March 28th, 2017

UK Gas within-day price rises on lower imports from Norway

The British within-day wholesale gas price rose on Tuesday morning as lower imports from Norway led to an undersupplied system. ›

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  • March 28th, 2017

Oil Wobbles as Looming U.S. Stockpile Gain Keeps Market Nervous

The prospect of a further increase in record U.S. crude stockpiles that have undercut OPEC’s output curbs kept oil investors anxious, with prices stuck near $48 a barrel. ›

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