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Industry News from Energy Services

  • April 30th, 2019

UK GAS-Prices mixed on weaker carbon, IUK pipe return

British wholesale gas prices were mixed on Tuesday, with the day-ahead contract boosted by the planned return of the IUK pipeline between continental Europe and Britain the next day, while other contracts declined on weaker carbon emission prices.

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  • April 30th, 2019

Oil prices firm as Saudi Arabia says OPEC may extend supply cuts

Oil prices on Tuesday reversed earlier losses after Saudi Arabia said a deal between producers to withhold output that has been in place since January could be extended beyond June to cover all of 2019.

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  • April 29th, 2019

UK GAS-Prices rise on colder weather and lack of wind

British wholesale gas prices rose on Monday as colder-than- expected weather and low wind power generation increased demand from gas-fired power plants.

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  • April 29th, 2019

Oil falls after Trump presses OPEC to make up for Iranian sanctions

Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.

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  • April 26th, 2019

UK GAS-Prices rise on cooler weather forecasts

British wholesale gas prices rose on Friday morning as forecasts for cooler weather lifted demand.

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  • April 26th, 2019

Oil dips but set for longest run of weekly gains in years in tense market

Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a hardening of sanctions on Tehran by the United States.

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  • April 25th, 2019

UK GAS-Cooler weather lifts prices for second day

British wholesale gas contracts were mostly higher on Thursday morning as a drop in temperatures continued to provide support for the second day in a row. ›

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  • April 25th, 2019

Brent oil hits $75 for first time in 2019 amid tighter Iran sanctions

Brent crude oil on Thursday rose above $75 per barrel for the first time in 2019 in the wake of tightening sanctions on Iran, while gains in U.S. prices were crimped by a surge in U.S. supply.

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  • April 24th, 2019

EUROPE POWER-Spot gains on forecast fall in German wind generation

European over-the-counter power prices for day-ahead delivery rose in wholesale trade on Wednesday, buoyed by forecasts showing a sharp fall in German wind generation and firm demand in France.

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  • April 24th, 2019

UK GAS-Prices recover some ground after big supply-driven losses

British wholesale gas prices recovered somewhat on Wednesday after slumping in the previous session due to oversupply and a shut-in export pipeline but remained at multi-year seasonal lows.

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