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Industry News from Energy Services

  • May 28th, 2021

EUROPE POWER-Monday prices dip on rising solar, lower demand

European spot electricity prices for Monday delivery slid on Friday due to a projected increase in solar power supply in Germany, and lower demand in France and Germany.

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  • May 28th, 2021

UK GAS-Prices fall as warm weather saps demand, carbon falls

British wholesale gas prices continued to fall on Friday morning as warmer weather and stronger wind lowered demand, while lower carbon prices weighed as well.

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  • May 28th, 2021

Oil prices little changed as Iran concerns offset rosy demand outlook

Oil prices were little changed on Friday, with Brent holding near $70 a barrel as firm U.S. economic data and expectations of a strong rebound in global demand in the third quarter offset concerns about more supply from Iran once sanctions are lifted.

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  • May 27th, 2021

EUROPE POWER-Low wind forecast lifts spot prices

European spot electricity prices for Friday delivery rose on Thursday as wind power supply in Germany is expected to plummet to less than half of Thursday’s level.

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  • May 27th, 2021

UK GAS-Prices fall amid rising temperatures, oversupply

British wholesale gas prices fell on Thursday morning amid warmer weather and oversupply.

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  • May 27th, 2021

Oil prices dip on concerns about possible return of Iranian supply

Oil prices fell on Thursday but stayed within the tight range set this week, with optimism about the summer driving season in the United States and Europe offsetting concerns on demand in India and a potential increase in Iranian supplies.

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  • May 26th, 2021

UK GAS-Prices rise on weaker supply, strong power plant demand

British wholesale gas prices rose on Wednesday morning as Norwegian imports and domestic production declined and demand from power plants rose, leaving the system undersupplied.

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  • May 26th, 2021

Oil gains as demand optimism offsets fears of supply glut

Oil rose on Wednesday as worries about an increase in supplies from Iran were offset by optimism about improving U.S. fuel demand that was reinforced by a drop in weekly inventory estimates.

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  • May 25th, 2021

UK GAS-Prices mostly rise on lower wind, firmer carbon

British wholesale gas prices gained ground on Tuesday morning as a firmer carbon market, higher demand from power plants and competition with Asia for liquefied natural gas (LNG) shipments lent support.

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  • May 25th, 2021

Oil steady near one week high as prospect of Iran glut wanes

Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets.

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