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Industry News from Energy Services

  • August 31st, 2017

UK natural gas: Increased supply pressures NBP spot, curve mixed

UK NBP spot gas was trading lower Thursday on an oversupplied system caused by higher UK gas production and LNG regasification, withdrawals from medium-range storage as well as lower exports to Continental Europe. ›

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  • August 31st, 2017

UK day-ahead base power prices edge lower, peak rises on mixed fundamentals

UK day-ahead base power prices fell Thursday, while peakload edged higher on mixed fundamentals as solar power was forecast higher day on day with wind infeed seen lower Friday. ›

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  • August 31st, 2017

EUROPE POWER-Drop in wind power generation lifts spot prices

European electricity prices for day-ahead delivery rose on Thursday, buoyed by an expected sharp drop in wind power generation. ›

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  • August 31st, 2017

UK GAS-Prices decline on oversupply

British wholesale gas prices declined on Thursday morning due to oversupply. ›

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  • August 31st, 2017

U.S. gasoline hits $2/gal as Harvey wreaks havoc on refiners; crude weak

Gasoline prices in the United States hit $2 a gallon for the first time since 2015 on Thursday as flooding from storm Harvey knocked out almost a quarter of U.S. refineries, while crude prices remained weak as demand dropped following the outages. ›

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  • August 30th, 2017

EUROPE POWER-German prompt price rises as solar power generation dips

European spot electricity prices for next day delivery diverged on Wednesday as forecasts for cooler weather after scorching temperatures eroded French demand, while a fall in solar power output buoyed the German contract. ›

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  • August 30th, 2017

UK GAS-Prices edge up on cooler day, low flows from Norway

British wholesale gas prices rose on Wednesday as the weather turned several degrees cooler and supplies from Norway continued to be reduced, leaving the market undersupplied. ›

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  • August 30th, 2017

Crude dips, gasoline spikes as floods knock out one-fifth of US refineries

Oil prices slid on Wednesday but gasoline spiked to their highest since July 2015 as flooding and storm damage in the wake of Hurricane Harvey knocked out one-fifth of U.S. refineries, crimping demand for crude but raising fears of fuel shortages. ›

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  • August 29th, 2017

UK gas: High demand boosts NBP spot, curve bullish

Near-term UK wholesale natural gas prices climbed Tuesday mid-morning, with demand for Wednesday and Thursday set to break the barrier of 200 million cu m, according to National Grid’s long-term forecast.

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  • August 29th, 2017

EUROPE POWER-Spot prices dip on forecast increase in wind power supply

European electricity prices for day-ahead delivery fell on Tuesday on the back of a forecast increase in power production from renewable wind sources, despite firm demand. ›

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