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Industry News from Energy Services

  • December 10th, 2019

Energy Services (Business Power) Ltd – December 2019 Energy Newsletter

The December 2019 edition of the Energy Services newsletter is now available! ›

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  • December 10th, 2019

UK GAS-Prices fall as traders expect Russia-Ukraine transit deal

British wholesale gas prices dropped on Tuesday morning after Ukrainian President Volodymyr Zelenskiy said overnight that Ukraine and Russia would work on a transit deal following his meeting with Russian President Vladimir Putin on Monday. ›

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  • December 10th, 2019

Oil prices drop as fears over trade war, weaker demand return to haunt market

Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.

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  • December 9th, 2019

EUROPE POWER-Day-ahead soars on forecast drop in wind power generation

European spot electricity prices for day-ahead delivery soared on Monday, buoyed by forecasts showing a sharp drop in electricity generation from wind turbines, while demand is expected to rise due to cold weather.

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  • December 9th, 2019

UK GAS-Prompt prices rise as system heavily undersupplied

Prompt British wholesale gas prices rose on Monday morning supported by an strongly undersupplied gas system.

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  • December 9th, 2019

Oil prices slip as weak China exports highlight trade war impact

Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-U.S. trade war.

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  • December 6th, 2019

UK GAS-Prompt prices fall as warmer temperatures lead to oversupply

Prompt British wholesale gas prices fell on Friday morning, as a rise in temperature curbed demand for gas, leaving the system oversupplied. ›

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  • December 6th, 2019

GLOBAL LNG – Asian prices drop for second straight week on mild winter

Asian spot prices for liquefied natural gas (LNG) dropped for a second consecutive week as supply flooded the market, overshadowing demand subdued by a winter that has been milder than average. ›

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  • December 6th, 2019

Oil slips as OPEC+ gears up to confirm supply cut

Oil edged lower on Friday as investors awaited a meeting of OPEC and its allies later in the day which is expected to formally agree to more output curbs in early 2020. ›

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  • December 5th, 2019

EUROPE POWER-Prompt, next week down as demand falls; Cal ’20 at 15-month low

European wholesale power contracts for the day-ahead and the coming week fell on Thursday due to weakening demand and an influx of big German wind power supply volumes, while forward curve prices sagged tracking a fall in carbon.

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