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Industry News from Energy Services

  • March 29th, 2019

EUROPE POWER-Year-ahead baseload contracts track fall in carbon permits

European baseload electricity contracts for year-ahead delivery dipped on Friday, tracking a fall in carbon emission permits and gas prices, while spot power prices for early next week delivery fell on the expectation of lower consumption.

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  • March 29th, 2019

UK GAS-Prices fall before start of summer gas season

British wholesale gas prices fell on Friday morning before the start of the summer gas season next week, amid oversupply and mild temperatures. ›

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  • March 29th, 2019

Oil set for biggest quarterly rise since 2009 amid OPEC cuts, U.S. sanctions

Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.

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  • March 28th, 2019

Prices down on revised temperature forecast, healthy LNG outlook

British wholesale gas prices declined on Thursday morning due to a slightly higher temperature forecast for this weekend and next week and a healthy liquefied natural gas supply outlook.

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  • March 28th, 2019

Oil prices dip after U.S. crude stocks climb

Oil prices dropped on Thursday, extending losses into a second consecutive session, following a surprise build in U.S. crude inventories.

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  • March 27th, 2019

UK GAS-Prices rise on low wind power output

British wholesale gas prices rose on Wednesday as low power generation from wind turbines created a supply deficit, increasing demand, traders said. ›

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  • March 27th, 2019

Oil prices mixed, demand concerns cloud outlook

Oil prices were mixed on Wednesday, with Brent extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand. ›

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  • March 25th, 2019

Oil prices slip amid worries of severe economic slowdown

Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela.

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  • March 22nd, 2019

Oil lingers slightly under 2019 highs on OPEC’s supply cuts, U.S. sanctions

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

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  • March 21st, 2019

UK GAS-Prices decline on healthy supplies and reduced demand

British wholesale gas prices declined on Thursday morning on healthy supplies and reduced demand for heating due to milder temperatures.

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