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Industry News from Energy Services

  • December 2nd, 2011

Crude Oil Rises in New York Amid Tension Over Iran, Heads for Weekly Gain

Oil rose, heading for its first weekly gain in three, as tension between Iran and the West heightened speculation Middle East supply may be threatened. ›

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  • December 2nd, 2011

European power markets face increased winter risk

Europe’s power markets will face a risk to security of supply if there are severe weather conditions this winter — defined as those which may be expected one in every 10 years to significantly increase demand or reduce supply — following the shutdown of eight nuclear reactors in Germany, the European Network of Transmission System Operators for Electricity (Entso-E) said. ›

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  • December 2nd, 2011

40% increase in gas prices expected by 2014

Gas prices are set to rocket in the next three years as demand peaks before levelling out as production exceeds demand. ›

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