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Industry News from Energy Services

  • December 21st, 2018

UK GAS-Prices mixed on oversupply, weather forecasts

British wholesale gas prices were mixed on Friday, as oversupply dented prompt values, while those for January were lifted by forecasts for cooler weather.

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  • December 21st, 2018

Oil rebounds as OPEC output cuts seen deeper than expected

Oil prices climbed on Friday, claiming back ground from a tumble of 5 percent in the previous session, on signs that OPEC’s output cuts that start next month will be deeper than expected. ›

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  • December 20th, 2018

Oil slumps three percent, near lowest in a year as stock markets sink

Oil prices fell about 3 percent on Thursday, heading back towards their lowest levels for more than a year on worries about oversupply and the outlook for energy demand as stock markets tumbled following a U.S. interest rate rise. ›

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  • December 20th, 2018

UK GAS-Prompt prices rise due to reduced Norwegian supply

Prompt British wholesale gas prices rose on Thursday as outages in Norway reduced pipeline flows and liquefied natural gas supply is low. ›

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  • December 19th, 2018

EUROPE POWER-Low wind generation forecast and fuels lift prices

European power contracts for year-ahead and next-week deliveries rose on Wednesday, buoyed by the rise in related fuels and carbon prices, and a forecast fall in wind output next week, while day-ahead contracts dipped on low demand. ›

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  • December 19th, 2018

UK GAS-Prices rise as wind power output, temperatures slip

Prompt British wholesale gas prices rose on Wednesday morning on lower forecasts for wind power production and cooler temperatures.

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  • December 18th, 2018

Oil drops four percent on oversupply, equities sell-off

Oil prices fell 4 percent on Tuesday, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets.

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  • December 18th, 2018

UK GAS-Prices down on mild weather, strong wind

British wholesale gas prices fell on Tuesday as above-normal temperatures and strong power output from wind turbines curbed demand.

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  • December 17th, 2018

UK GAS-Prices down on increased Norway flows, higher temperatures

British prompt gas prices fell on Monday as an increase in flows from Norway created a supply surplus, and as temperatures were forecast to be higher than previously expected. ›

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  • December 17th, 2018

Oil steady but oversupply, economic growth weigh

Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand. ›

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