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Industry News from Energy Services

  • December 7th, 2016

Europe day ahead power down early, next week prices up

Spot power prices in Germany and France were down early on Wednesday on expectations for higher renewable energy output while prices for next week jumped on a tighter supply picture, traders said.

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  • December 7th, 2016

Oil steadies on doubts output cut will end global glut

Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than two years. ›

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  • December 6th, 2016

Oil dips as OPEC joins Russia in upping output ahead of production cut

Oil prices eased early in Asia as crude output rises in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017. ›

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  • December 5th, 2016

UK GAS-Prices fall on milder weather outlook

British wholesale gas prices fell on Monday morning on expectations of weaker demand as temperatures above the seasonal norm are forecast for the rest of this week.

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  • December 5th, 2016

Oil tops $55 for first time in 16 months as OPEC deal fuels buying

Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, as optimism spread about the prospect of a tightening market after OPEC members agreed on a landmark deal to cut production last week. ›

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  • December 5th, 2016

Europe spot power up on rising demand

German and French spot power prices jumped on Monday as the market grappled with rising demand and low wind power supply in Germany.

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  • December 2nd, 2016

UK GAS-Prices down on healthy supply, pickup in temperatures

British wholesale gas prices fell on Friday morning due to healthy supply and also less demand for gas for heating due to a slight increase in temperatures forecast for next week.

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  • December 2nd, 2016

Oil prices dip after OPEC-Russia output cut deal, focus swings to implementation

Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of implementing the deal. ›

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  • December 2nd, 2016

UK power supply ‘tight but manageable this winter’

Although it will be impacted by poor generation and supply in France, the UK has enough energy reserves to make it through a cold winter, according to ENTSO-E’s analysis of security of supply risks in Europe. ›

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  • December 1st, 2016

Energy Services (Business Power) Ltd – December 2016 Energy Newsletter

Electricity & Gas prices eased in November as healthy supply kept up with demand.  Rising oil prices kept further reductions at bay. ›

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