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Industry News from Energy Services

  • February 28th, 2020

EUROPE POWER-German prompt down on lower demand, forward curve sags

German power delivery prices for Monday rose in the European wholesale market on Friday on forecasts for lower demand while forwards dropped along with losses in related energy markets.

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  • February 28th, 2020

UK GAS-Prices decline amid robust supply

British wholesale gas prices declined on Friday morning on healthy supply.

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  • February 28th, 2020

Oil prices on track for biggest weekly fall in four years

Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.

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  • February 27th, 2020

UK GAS-Prompt prices inch up on lower LNG supply

British prompt wholesale gas prices edged up in early trade on Thursday as strong winds continued to prevent some liquefied natural gas tankers from docking, resulting in undersupply.

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  • February 27th, 2020

Oil falls for fifth day on demand concerns as coronavirus spreads

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.

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  • February 26th, 2020

Oil slides for 4th day as pandemic fears deepen

Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.

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  • February 25th, 2020

EUROPE POWER-Spot up on lower wind, nuclear supply while demand rises

European prompt power prices rose on Tuesday as German wind power output was forecast to drop sharply and the capacity available at French nuclear plants shrank, while usage increased due to colder weather.

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  • February 25th, 2020

UK GAS-Prices mixed as supply and demand rise, temperature falls

British wholesale gas prices were mixed early on Tuesday after supply from Norway and the UK Continental Shelf rose and colder weather increased gas use.

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  • February 25th, 2020

Oil prices rise on bargain-hunting; virus fears cap gains

Oil climbed on Tuesday as investors sought bargains after crude benchmarks slumped almost 4% in the previous session, although concerns about the coronavirus spreading out of China and curbing major economies and fuel demand capped gains.

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  • February 24th, 2020

UK GAS-Prices rise as low LNG send-out created undersupply

British wholesale gas prices rose on Monday morning as low send-out from liquefied natural gas (LNG) terminals created undersupply.

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