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Industry News from Energy Services

  • May 31st, 2018

UK GAS-Prices extend gains far beyond seasonal norms on outages

British wholesale gas prices rose on Thursday as several installations prepared for – or were already in – outage, climbing far above seasonal averages despite consumption staying below norms for this time of the year. ›

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  • May 31st, 2018

Oil prices ease after sharp gains; eyes on OPEC supply moves

Oil prices eased slightly on Thursday following a rally in the previous session, as investors eyed a surprise increase in U.S. crude oil inventories and looked to a possible rise in output when OPEC and other producers meet in June. ›

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  • May 30th, 2018

UK GAS-Prompt prices rise as low wind power output boosts gas demand

Prompt British wholesale gas prices rose on Wednesday morning as lower output from the country’s wind farms led to higher demand for gas from power stations. ›

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  • May 30th, 2018

Oil prices steady after shake-out on supply worries

Oil prices steadied on Wednesday after falling steeply in recent days on concerns that Saudi Arabia and Russia will pump more crude in the second half of the year in response to falling global crude inventories and rising consumer prices. ›

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  • May 29th, 2018

EUROPE POWER-Tighter nuclear and renewables supply boosts spot prices

European prompt power prices rose on Tuesday as indications of tighter nuclear and renewables supply outweighed the bearish effects of slowing demand ahead of a holiday at the end of the week. ›

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  • May 29th, 2018

UK GAS-Prices rise on anticipated outage, scant Norwegian supplies

British wholesale gas prices for day-ahead delivery rose on Tuesday in anticipation of a planned outage at a gas terminal, just as forecasts for gas for power consumption rose. ›

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  • May 29th, 2018

Oil falls as investors brace for output increases

Oil edged lower on Tuesday, pressured by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall. ›

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  • May 24th, 2018

UK GAS-Prices mostly up as maintenance in Norway curbs supplies

British wholesale gas prices were mostly higher on Thursday morning as additional maintenance at Norway’s gas export facilities created a supply shortage. ›

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  • May 24th, 2018

Oil prices drop on expectations OPEC could boost output

Oil prices fell on Thursday on expectations that OPEC members will step up production in the face of worries over supply from both Venezuela and Iran. ›

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  • May 21st, 2018

UK GAS-Prices decline on warmer weather

British wholesale gas prices fell on Monday morning as warm weather reduced demand. ›

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