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Industry News from Energy Services

  • March 31st, 2020

EUROPE POWER-Supply-demand factors cut spot, curve recovers some ground

European spot electricity prices on Tuesday dropped on more supply and falling usage while forward prices tracked stronger fuels and carbon prices, recovering some ground after the coronavirus crisis curbed industrial demand projections.

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  • March 31st, 2020

Oil rises from 18-yr lows after U.S., Russia agree to talks

Oil recovered ground on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilise energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide.

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  • March 30th, 2020

EUROPE POWER-Cold weather lifts prompt demand, next week milder

European prompt power prices rose on Monday as a late cold spell, with temperatures in the low Celsius digits, boosted short-term demand. ›

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  • March 30th, 2020

UK GAS-Within-day price up on undersupply, other prices dip on weak demand

The British within-day gas price was lifted by an undersupplied system on Monday morning, while other contracts fell under pressure from continued weak demand.

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  • March 30th, 2020

Oil futures slide as pandemic darkens demand outlook

Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as fears grew over the coronavirus pandemic eroding demand and the Saudi Arabia-Russia price war threatened to overload the market.

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  • March 27th, 2020

EUROPE POWER-Low demand weighs on French prompt prices for Monday

European baseload spot power prices for early next week delivery fell in wholesale trade on Friday as forecasts showed a drop in French demand, while electricity generation from French wind turbines will rise.

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  • March 27th, 2020

UK GAS-Prices fall on rising Norwegian supplies, wind power output

British wholesale gas prices fell on Friday morning as supplies from Norway rose, while gas demand for power generation was forecast lower due to higher wind power output.

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  • March 27th, 2020

Oil mixed as government pledges reach $5 trillion in coronavirus chaos

Oil prices were mixed on Friday as governments took unprecedented steps to limit the economic fallout from the coronavirus pandemic.

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  • March 26th, 2020

EUROPE POWER-Prompt prices rise as wind power generation falls

European spot electricity prices for the day-ahead delivery rose in wholesale trade on Thursday in response to forecasts for a fall in wind power generation, while the German year-ahead extended its slide due to lower carbon emissions, coal and oil prices.

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  • March 26th, 2020

UK GAS-Prices decline on higher LNG send-out, wind output

British wholesale gas prices declined on Thursday morning due to higher liquefied natural gas (LNG) send-out and expectations of stronger wind output.

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