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Industry News from Energy Services

  • July 31st, 2018

UK GAS-Prices slip as lower exports lead to oversupply

Prompt British wholesale gas prices fell on Tuesday morning as lower exports and strong output from the country’s wind farms contributed to an oversupplied market.

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  • July 31st, 2018

Oil Trades Near $70 as Supply Risks Mount From Saudi to the U.K.

Oil was steady near $70 a barrel as supply risks from Saudi Arabia to the U.K. threaten to strain global markets. ›

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  • July 27th, 2018

UK GAS-Prices fall on Norway flows and forecasts for strong wind

British wholesale gas prices fell slightly on Friday on expectations for stronger wind power output in coming days and as robust flows from Norway created an oversupplied system.

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  • July 27th, 2018

Oil Heads for a Fourth Weekly Drop as Trade War Fears Linger

Oil is poised for a fourth weekly decline as the unexpected halt in Saudi shipments via a Red Sea waterway was seen as short-lived, while concerns lingered over how the U.S.-China trade spat will affect demand.

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  • July 26th, 2018

UK GAS-Prices fall on high temperatures, oversupply

British wholesale gas prices fell on Thursday morning amid high temperatures and oversupply. ›

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  • July 26th, 2018

Oil prices rise as Saudi Arabia suspends shipments through Red Sea lane

Brent crude led oil prices higher on Thursday, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low. ›

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  • July 25th, 2018

UK GAS-Prices edge up as fallout from strikes evens out

British wholesale gas prices edged higher on Wednesday as a disruption following industrial action this week was still being smoothed over. ›

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  • July 25th, 2018

Oil rises for second day as U.S. crude inventories fall

Oil prices edged higher for a second day on Wednesday after data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that have dragged on markets in recent sessions. ›

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  • July 24th, 2018

EUROPE POWER-Spot power prices lifted by forecast for increased demand

European spot electricity contracts for day-ahead delivery rose on Tuesday, supporting forecasts for increased power demand for air conditioning due to scorching temperatures. ›

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  • July 24th, 2018

UK GAS-Prices mixed as market awaits returning supply

British wholesale gas prices were mixed on Tuesday, with the within-day price buoyed by industrial action and outages that curbed supply. ›

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