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Industry News from Energy Services

  • August 31st, 2021

Oil dips on hurricane impact on U.S. refining, weak China data

Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan to raise output. ›

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  • August 27th, 2021

Oil jumps as storm approaches Gulf of Mexico production hub

Oil prices rose on Friday, on track to post big gains for the week, on worries about supply disruptions as energy companies began shutting in production in the Gulf of Mexico ahead of a potential hurricane forecast to hit on the weekend.

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  • August 26th, 2021

EUROPE POWER-Spot prices tick up on lower wind supply

European wholesale spot power prices edged up on Thursday as wind supply was seen lower on Friday.

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  • August 26th, 2021

Oil rally ends amid COVID-19 concerns, returning supply

Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as production returned in Mexico.

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  • August 25th, 2021

UK GAS-Prices rise on NS2 ruling, supply uncertainty

British wholesale gas prices rose on Wednesday morning on a German court ruling that the Nord Stream 2 (NS2) link with Russia must comply with EU rules requiring the owners of pipelines to be different from the suppliers of the gas that flows through them.

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  • August 25th, 2021

EUROPE POWER-Spot prices lifted on falling solar supply

European wholesale spot power prices rose on Wednesday on a expected drop in solar power supply throughout the region and rising demand in France.

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  • August 25th, 2021

Oil edge lower after two-day rally on supply issues

Oil prices nudged lower on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico’s production and signs that China, the world’s biggest importer, has curbed a recent coronavirus outbreak.

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  • August 24th, 2021

EUROPE POWER-Rising renewable supply weighs on spot prices

European wholesale spot power prices fell on Tuesday as renewable supply was seen rising in Germany.

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  • August 24th, 2021

UK GAS-Prices rise amid NS2 uncertainty, low LNG supply

British and European gas prices rose on Tuesday morning amid continued uncertainty around the Nord Stream 2 (NS2) pipeline startup and low liquefied natural gas supply.

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  • August 24th, 2021

Oil rises as full U.S. clearance for COVID-19 vaccine stokes demand hopes

Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand would follow a potential rise in U.S. coronavirus vaccination rates.

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