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Industry News from Energy Services

  • April 18th, 2019

UK GAS-Price falls on lower demand, traders watch Norway flows

The British wholesale day-ahead gas price fell on Thursday due to warmer weather and lower demand expectations but signs of possible reduced flows from Norway in the future prompted prices further along the curve to rise.

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  • April 18th, 2019

Oil prices slip, but ongoing supply cuts support

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing OPEC-led supply cuts.

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  • April 17th, 2019

EUROPE POWER-Prompt prices fall as demand declines ahead of holidays

European wholesale spot power prices were down on Wednesday as demand eased ahead of the four-day Easter holiday period that starts on Friday, and with temperatures going up. ›

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  • April 17th, 2019

UK GAS-Prices fall on rising temperatures and strong wind

British wholesale gas prices fell on Wednesday despite a slightly oversupplied system due to forecasts for warmer than expected weather and as power production from wind turbines is set to increase.

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  • April 17th, 2019

Oil prices rise for a second day on China demand, U.S. stockpile drop

Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world’s second-largest crude user, amid tightening supply as producers curtail output and as oil inventories in the United States fell unexpectedly.

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  • April 16th, 2019

UK GAS-Prices dip on expectations of warmer weather

British wholesale gas prices fell on Tuesday morning as expectations of warmer temperatures curbed demand.

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  • April 16th, 2019

Oil prices extend losses as oversupply worries drag

Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight the United States for market share, checking a recent rally driven by tighter global production.

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  • April 15th, 2019

UK GAS-Prices fall on warm weather forecast

British wholesale gas prices fell on Monday morning on expectations of a drop in gas demand due to forecasts for milder weather. ›

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  • April 15th, 2019

Oil pauses; focus on future supply direction

Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.

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  • April 12th, 2019

UK GAS-Prices fall due to oversupply

British wholesale gas prices fell on Friday morning, erasing some of the gains made earlier this week after carbon prices rallied, due to oversupply and milder temperatures next week.

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