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Industry News from Energy Services

  • December 22nd, 2017

EUROPE POWER-Power contracts slump on low demand during Christmas break

European prompt electricity prices for early next week delivery fell on Friday due to low demand during the Christmas holiday, and forecasts for increased wind output in Germany and nuclear power generation in France. ›

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  • December 22nd, 2017

UK GAS-Mild weather forecast triggers broad price decline

British wholesale gas contracts fell on Friday as mild weather forecasts, improved supply outlooks and strong wind power output weighed on prices. ›

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  • December 22nd, 2017

Oil dips from highs, but OPEC’s cuts still support market

Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. ›

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  • December 21st, 2017

EUROPE POWER-Prompt power prices slide on falling demand, French nuclear

European spot electricity prices for day-ahead delivery fell on Thursday on the back of a forecast drop in demand ahead of the Christmas weekend and improving nuclear power availability in France. ›

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  • December 21st, 2017

UK GAS-Prices fall on high Norway flows, milder weather forecasts

British wholesale gas prices fell on Thursday, driven by milder weather forecasts and strong Norwegian flows, and as consumption fell ahead of the Christmas period. ›

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  • December 21st, 2017

Oil market capped as U.S. output fast approaches 10 million bpd

Oil prices were stable on Thursday, supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day, a level only surpassed by Saudi Arabia and Russia. ›

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  • December 20th, 2017

EUROPE POWER-Spot power prices slip as mild temperatures curb demand

European spot electricity prices for day-ahead delivery fell on Wednesday as warmer-than-expected weather forecast curbed power demand, while higher wind gusts in Germany will increase electricity output from wind turbines. ›

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  • December 20th, 2017

UK GAS-Prices mixed amid undersupply, higher temperatures

British wholesale gas prices were mixed on Wednesday morning as outages led to an undersupplied system but forecasts of milder weather dented demand. ›

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  • December 20th, 2017

Oil edges up on North Sea pipeline outage, lower U.S. crude stocks

Oil prices inched up on Wednesday, supported by expectations of a fall in U.S. crude inventories and by the ongoing outage of the North Sea Forties pipeline system. ›

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  • December 19th, 2017

UK power: Day-ahead contracts bearish again on low demand

The UK day-ahead base and peak contracts continued the bearish trend amid lower demand forecasts from the National Grid. ›

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