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Industry News from Energy Services

  • May 31st, 2017

UK GAS-Prices decline on higher flows from Norway

British wholesale gas prices declined on Wednesday morning, mainly due to higher flows from Norway through the Langeled pipeline. ›

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  • May 31st, 2017

Oil falls as rising Libyan, U.S. output undermines cuts

Oil prices fell by one percent on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market. ›

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  • May 26th, 2017

UK prompt power prices ease ahead of long weekend

UK day-ahead power contracts eased slightly Friday ahead of a holiday weekend, with healthy renewable energy supply and warm temperatures helping to offset reduced imports from France. ›

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  • May 26th, 2017

UK GAS-Prompt prices mixed on revised weather forecasts

Prompt British gas prices were mixed on Friday morning, as warm weather curbed prices for immediate delivery but forecasts of cooler temperatures next week boosted the day-ahead contract. ›

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  • May 26th, 2017

Oil edges up but remains on back foot after output cut extension disappoints

Oil prices edged up on Friday but markets remained on the back foot after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger curbs. ›

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  • May 25th, 2017

UK prompt power prices fall on renewables surge

Power prices on the UK prompt market fell sharply on Thursday on expectations of strong wind and solar power generation coupled with warm weather conditions, which kept a lid on demand. ›

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  • May 25th, 2017

UK gas day-ahead price down on rising temperatures

British gas for day-ahead delivery was lower on Thursday morning as rising temperatures into the weekend reduced demand. ›

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  • May 25th, 2017

Oil prices fall after OPEC ministers speak

U.S. West Texas Intermediate (WTI) crude futures fell on Thursday morning at the start of an OPEC meeting in Vienna. ›

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  • May 24th, 2017

UK Gas prompt prices down on warmer weather outlook

British prompt gas prices fell on Wednesday morning due to warmer weather forecasts. ›

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  • May 24th, 2017

Oil prices rise as market awaits extended output cut

Oil prices rose on Wednesday, supported by growing confidence that OPEC and other big producers would agree to keep output restricted for the rest of 2017 and into the first quarter of next year. ›

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