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Industry News from Energy Services

  • January 21st, 2020

EUROPE POWER-Spot prices lifted by strong demand, fall in German wind output

European spot electricity contracts for day-ahead delivery rose in wholesale trade on Tuesday, helped by a sharp fall in German wind power generation and firm demand due to cold weather.

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  • January 21st, 2020

UK GAS-Prices mixed in undersupplied market

Prompt British wholesale gas prices were mixed on Tuesday as lower imports from Norway left the market undersupplied but warmer temperatures were forecast for later in the week.

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  • January 21st, 2020

Oil prices slide as supply concerns fade

Oil prices fell nearly 1% on Tuesday as investors expected Libya’s oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.

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  • January 20th, 2020

UK GAS-Prices fall as LNG send-out surges

British wholesale gas prices fell on Monday morning as an increase in liquefied natural gas send-out helped to create oversupply.

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  • January 20th, 2020

Oil rises to more than a week high after Libyan outage

Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.

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  • January 17th, 2020

UK GAS-Prompt prices mixed on colder temperatures, healthy demand

British prompt wholesale gas prices were mixed on Friday morning as colder temperatures forecast from the weekend pushed up demand but healthy supply weighed on some contracts.

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  • January 17th, 2020

Oil steady as sluggish China growth offsets trade deal optimism

Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand which countered optimism from the signing of a Sino-U.S. trade deal this week.

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  • January 16th, 2020

UK GAS-Prices rise on LNG drop, expectations of stronger demand

British wholesale gas prices rose on Thursday morning, supported by a drop in liquefied natural gas (LNG) send-out and expectations of a demand rise. ›

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  • January 16th, 2020

Oil gains after U.S.-China trade deal, fall in inventories

Oil prices rose on Thursday buoyed by the long-anticipated signing of an initial Sino-U.S. trade deal that sets the stage for a jump in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected. ›

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  • January 15th, 2020

EUROPE POWER-Spot rises as strike curbs French power availability

Prompt power prices in the European wholesale market jumped on Wednesday as ongoing strikes by French workers in a row over pension reforms curbed generation capacity in that country by 7.5%, while Germany saw a downturn in wind supply.

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