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Industry News from Energy Services

  • June 27th, 2019

EUROPE POWER-Spot prices lifted by sharp drop in wind generation

European prompt power prices for day-ahead delivery soared on Thursday, buoyed by forecasts showing a sharp plunge in German wind electricity generation while consumption is expected to dip on Friday due to the weekend effect.

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  • June 27th, 2019

UK GAS-Prices fall despite undersupply as fundamentals still bearish

British wholesale gas prices fell on Thursday, despite a small level of undersupply, as the month draws to an end prompting some profit taking with fundamentals broadly bearish.

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  • June 27th, 2019

Oil prices rise more than 2% as U.S. crude, products stockpiles fall

Oil prices rose more than 2% on Wednesday and hit their highest in about a month, buoyed by U.S. government data that showed a larger-than-expected drawdown in crude stocks as exports hit a record high, and surprise drops in refined product stockpiles.

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  • June 26th, 2019

UK GAS-Prices fall on lower demand, high storage levels

British wholesale gas prices fell on Wednesday due to a drop in demand for power generation from gas turbines and as storage levels are high.

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  • June 26th, 2019

Oil prices jump as U.S. crude stocks fall, Middle East worries add support

Oil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential U.S.-Iran conflict.

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  • June 25th, 2019

UK GAS-Prices fall on high storage levels, ample supply

British wholesale gas prices dropped on Tuesday due to continued high storage levels and supply. ›

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  • June 25th, 2019

Oil prices drop amid demand worries, but U.S.-Iran tensions support

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.

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  • June 24th, 2019

UK GAS-Prices mostly rise on lower wind power, undersupply

British wholesale gas prices mostly rose on Monday due to slight undersupply in the market and higher demand from power plants on expectations of a dip in wind power.

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  • June 24th, 2019

Oil prices climb as U.S.-Iran tensions mount

Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary of State Mike Pompeo said “significant” sanctions would be announced on Tehran.

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  • June 21st, 2019

UK GAS-Prices fall as heat rises, Dutch day-ahead hits near 10-year low

British wholesale gas prices fell on Friday as warmer temperatures curbed demand, while Dutch prices hit near 10-year lows as LNG supplies loom.

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