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Industry News from Energy Services

  • January 17th, 2018

UK GAS-Prices decline due to robust supply

British wholesale gas prices declined on Wednesday due to healthy supply and expectations of slightly higher temperatures ›

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  • January 17th, 2018

Oil gives up early gains, but market still well supported

Oil prices gave up some early gains on Wednesday as analysts warned of a downward correction, but remained well supported on the back of tightening supply and strong global demand ›

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  • January 16th, 2018

UK GAS-Oversupply depresses within-day prices, day-ahead up on strong demand

British prompt gas prices were mixed on Tuesday, with oversupply depressing within-day prices while forecasts for strong demand buoyed the day-ahead. ›

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  • January 16th, 2018

Oil prices near three-year highs, supported by healthy demand

Brent crude oil prices held near $70 a barrel on Tuesday, a level not seen since 2014’s dramatic market slump. ›

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  • January 15th, 2018

EUROPE POWER-Coming week prices jump on cold, curve prices fall

European wholesale prices for next week jumped on Monday as colder weather was forecast while forward curve price came down sharply, along with carbon, as Germany’s latest climate policy decisions point to remaining overcapacities. ›

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  • January 15th, 2018

UK GAS-Prices fall as strong wind output curbs demand from gas plants

British wholesale gas prices fell on Monday as strong wind power output curbed demand from gas plants, leaving the system oversupplied, traders said. ›

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  • January 15th, 2018

Oil near three-year highs on output cuts, but rising North American rig count weighs

Oil prices held closely below December 2014 highs on Monday, supported by production cuts by OPEC and Russia, although the market was capped by a rise in U.S. and Canadian drilling activity that points to higher future output in North America. ›

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  • January 12th, 2018

EUROPE POWER-Prompt prices fall, coming weeks firmer

European wholesale prices for early next week declined on Friday on expected strong windpower generation for main producer Germany, though prices for coming weeks firmed on forecasts of colder weather. ›

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  • January 12th, 2018

UK GAS-Prices rise due to lower temperature forecasts

British wholesale gas prices rose on Friday as lower temperatures lifted demand, despite high flows from Norway keeping the system oversupplied, traders said. ›

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  • January 12th, 2018

Oil slips away from 2014 highs, though overall 2018 outlook remains firm

Oil prices on Friday slipped away from December-2014 highs reached the previous day. ›

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