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Industry News from Energy Services

  • June 29th, 2018

UK GAS-Prices down on ample supply in warm weather

British wholesale gas prices fell on Friday as a week-long heatwave dampened demand and left ample supplies to offset the start of exports to Belgium after a planned outage. ›

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  • June 29th, 2018

Oil dips as trade rows threaten growth, but market tight

Oil prices slipped on Friday as an escalating trade dispute between the United States and other major economies cast doubt on future demand growth, although markets remain tight due to supply disruptions and looming U.S. sanctions against Iran. ›

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  • June 28th, 2018

UK GAS-Prices edge higher as export pipeline resumes operation

British wholesale gas prices mostly rose on Thursday as the return from maintenance of a major export pipeline tightened domestic fuel supplies. ›

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  • June 28th, 2018

EUROPE POWER-Spot down on lower demand, France reports reactors offline

European spot wholesale power prices fell on Thursday due to weak pre-weekend demand, although those in France were supported by reports of some reactor capacity losses. ›

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  • June 28th, 2018

U.S. oil prices steady ahead of sanctions on Iran

U.S. oil prices steadied on Thursday, pulling back from 3-1/2-year highs, but supply remained tight with investors concerned by the prospect of a big fall in crude exports from Iran due to U.S. sanctions. ›

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  • June 27th, 2018

EUROPE POWER-German prompt falls on wind supply rise, curve gains with coal

German prompt power fell on Wednesday as the country was set to receive more wind power supply on the day-ahead while forwards gained sharply along with increases in related coal prices. ›

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  • June 27th, 2018

UK GAS-Prices rise on lower Norwegian flows

British wholesale gas prices rose on Wednesday, as a decrease in Norwegian flows created an undersupplied system, with low wind power output failing to bridge the demand gap. ›

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  • June 27th, 2018

Oil rises on supply losses, US push to isolate Iran

Oil prices rose on Wednesday on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers to stop buying Iranian crude from November. ›

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  • June 26th, 2018

UK GAS-Prices slide due to warm weather, oversupplied market

British prompt prices fell on Tuesday as the country experiences a week-long heatwave that has reduced heating demand and left the market well supplied in the absence of sudden outages. ›

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  • June 26th, 2018

Oil rises as outages balance trade dispute, OPEC

Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States and other major economies. ›

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