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Industry News from Energy Services

  • August 30th, 2019

UK GAS-Prices mostly lower as high wind power curbs demand

British wholesale gas prices were mostly lower on Friday morning as expectations of high output from the country’s wind farms curbed demand for gas, leaving the system oversupplied. ›

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  • August 30th, 2019

EUROPE POWER-Spot for early next week slips on increased wind, nuclear output

The German spot electricity price for delivery early next week fell in wholesale trade on Friday as forecasts showed a drop in demand, while power generation from wind and nuclear sources is seen rising. ›

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  • August 30th, 2019

Oil prices fall but set for big weekly gain on trade dispute hopes

Oil gave back some of its recent gains on Friday, but was still headed for the biggest weekly increase since early July, boosted by a decline in U.S stocks, a looming hurricane in Florida and an easing of Sino-U.S. trade rhetoric. ›

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  • August 29th, 2019

UK GAS-Day-ahead price slips on low demand and strong wind power output

The British day-ahead gas price fell on Thursday morning as low demand and strong power output from wind turbines offset a sharp reduction in piped gas supplies from Norway. ›

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  • August 29th, 2019

Oil prices drop on concern over U.S. economy

Oil prices fell on Thursday for the first time in three days after San Francisco Federal Reserve President Mary Daly sounded a note of concern about the strength of U.S. economy. ›

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  • August 28th, 2019

UK GAS-Prices rise on oil, carbon support

British wholesale gas prices rose on Wednesday morning, supported by bullish oil and carbon emission prices. ›

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  • August 28th, 2019

Oil rises after inventory draw eases recession worries

Oil prices rose on Wednesday, with U.S. crude gaining 1.3% after an industry report showed stockpiles in the United States, the world’s biggest oil user, fell more than expected, easing worries about economic growth due to the China-U.S. trade war. ›

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  • August 27th, 2019

EUROPE POWER-German demand lifts day-ahead electricity prices

European spot electricity prices for next-day delivery posted gains in wholesale trade on Tuesday, buoyed by a forecast of an increase in German consumption, while lower gas and coal generation in Belgium and Netherlands provided support.

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  • August 27th, 2019

Oil rises as hopes grow for U.S.-China trade breakthrough

Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling.

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  • August 22nd, 2019

EUROPE POWER-German spot rises on lower wind supply, curve loses ground

German prompt power prices firmed in wholesale market trading on Thursday as wind volumes looked set to fall, while forward contracts sagged along with weaker coal and carbon prices. ›

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