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Industry News from Energy Services

  • July 19th, 2019

EUROPE POWER-Year-ahead power prices lifted by gains in fuels, carbon

European baseload electricity prices for year-ahead delivery rose on Friday on the back of gains in carbon emissions, coal and other related fuel prices, while prices for early next week were buoyed by a forecast drop in conventional power generation.

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  • July 19th, 2019

UK GAS-Prices edge up as Norway gas re-routed to Europe

British wholesale gas prices were slightly higher on Friday as Norwegian gas was re-routed to continental Europe.

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  • July 19th, 2019

Oil rises after U.S. Navy downs Iranian drone; set for weekly fall

Oil prices rose on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.

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  • July 18th, 2019

UK GAS-Prices fall on higher Norway flows and wind power output

British wholesale gas prices fell on Thursday on increased imports from Norway and higher output from wind farms.

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  • July 18th, 2019

Crude futures mixed; WTI extends losses after U.S. oil products stocks gain

Oil prices were mixed on Thursday with U.S. crude extending losses after falling in the previous session after data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. ›

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  • July 17th, 2019

EUROPE POWER-Slack demand and increased wind output weigh on spot prices

European spot electricity prices for day-ahead delivery fell on Wednesday on the back of forecasts showing a rise in wind power generation amid weak consumption.

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  • July 17th, 2019

UK GAS-Prices extend fall on oversupply after two-week bounce

British wholesale gas prices fell on Wednesday, extending this week’s losses after a prolonged rise since the start of the month, thanks to an oversupplied market.

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  • July 17th, 2019

Oil prices gain, U.S. crude trails Brent after inventory data

Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less than expected.

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  • July 16th, 2019

UK GAS-Prices fall on increased Norwegian flows, stronger wind expectations

British wholesale gas prices fell on Tuesday morning as rising flows from Norway oversupplied the system, while power production from wind turbines was seen rising in coming days.

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  • July 16th, 2019

Oil falls as U.S. resumes Gulf of Mexico output, boosts shale supplies

Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set to rise to a record.

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