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Industry News from Energy Services

  • November 30th, 2018

EUROPE POWER-Year-ahead prices extend gains

European curve contracts for power delivery in the coming years rose in wholesale market trading on Friday, tracking the strength in related carbon emissions rights, while oil and gas fell and coal traded sideways. ›

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  • November 30th, 2018

UK GAS-Prices fall on ample pipeline, LNG supplies

British wholesale gas prices fell on Friday as an increase in the flow of pipelines and continued high levels of liquefied natural gas (LNG) imports led to an oversupplied market. ›

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  • November 30th, 2018

Brent oil edges up on expected OPEC cuts; U.S. crude weaker amid swelling supply

Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next week, while U.S. crude was weaker due to swelling inventories. ›

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  • November 29th, 2018

Oil falls, heading for biggest monthly slide since 2008

Oil fell on Thursday, bringing losses for the month so far to 23 percent, marking its largest one-month fall since the depths of the financial crisis in 2008. ›

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  • November 29th, 2018

UK GAS-Prices up on lower Norway flows, colder weather

British wholesale gas prices rose on Thursday as a decrease in flows from Norway created a supply deficit, and as forecasts pointed to a slight decline in UK temperatures in coming days. ›

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  • November 28th, 2018

UK GAS-Prices fall on high wind power, looming big LNG deliveries

British wholesale gas prices mostly fell early on Wednesday as expectations of strong output from the country‚Äôs wind farms curbed demand and expectations of several deliveries of LNG cargos weighed on the market. ›

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  • November 28th, 2018

Oil jumps more than 1 percent on outage in North Sea, expected OPEC supply cuts

Oil prices rose by more than 1 percent on Wednesday, pushed up by a North Sea production outage and expectations in the market that OPEC will next week decide to implement some form of supply cut to counter an emerging glut. ›

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  • November 27th, 2018

UK GAS-Prompt down on strong wind, higher temperatures

British within-day gas price fell on Tuesday due to expected strong power output from wind turbines and increasing temperatures, and as more liquefied natural gas (LNG) is scheduled to arrive until the end of the week. ›

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  • November 27th, 2018

EUROPE POWER-Spot prices tumble on rise in wind and nuclear supply

European spot electricity prices for day-ahead delivery tumbled on Tuesday as forecasts showed a sharp increase in power generation from wind and nuclear sources, while demand is expected to be flat to lower due to a mild weather outlook. ›

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  • November 27th, 2018

Oil falls on record Saudi output; eyes G20 and OPEC

Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week. ›

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