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Industry News from Energy Services

  • August 10th, 2017

Oil Holds Gains Above $49 as U.S. Crude Stockpiles Extend Drop

Oil held gains above $49 a barrel as U.S. production eased and crude inventories extended declines, trimming a glut. ›

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  • August 9th, 2017

UK day-ahead baseload power prices up on higher NBP natural gas, Hinkley Point outage

UK day-ahead baseload prices edged higher Wednesday tracking the NBP gas market, and on an unplanned outage at EDF Energy’s 504-MW Hinkley Point B nuclear power unit-8 on Wednesday. ›

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  • August 9th, 2017

UK GAS-Prices rise as unplanned gas field outage tightens supply

British wholesale gas prices rose on Wednesday as faltering production from the UK Continental Shelf and higher forecast demand led to supply shortfalls. ›

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  • August 9th, 2017

Oil Extends Losses as Higher U.S. Output Outlook Counters Curbs

Oil extended declines for a third day amid speculation that a predicted gain in U.S. output will offset OPEC-led efforts to trim a global glut. ›

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  • August 8th, 2017

EUROPE POWER-Day-ahead prices down on higher supply, lower consumption

European day-ahead power prices fell on Tuesday, reflecting higher wind power supply forecasts and falling demand. ›

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  • August 8th, 2017

UK GAS-Prices decline as Norwegian flows increase

British wholesale gas prices declined on Tuesday morning as Norwegian were rerouted to Britain from France and on expectations of higher wind power output. ›

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  • August 8th, 2017

Oil prices fall as Libyan field resumes production

Oil prices slipped in Asian trading on Tuesday following a recovery in output at Libya’s largest oil field and as doubts about OPEC-led production cuts continue to drag. ›

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  • August 7th, 2017

UK GAS-Reduced supply and lower temperature forecast lifts prices

British wholesale gas prices rose on Monday as reduced Norwegian flows and expectations of lower temperatures created an undersupplied system, traders said. ›

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  • August 7th, 2017

EUROPE POWER-Day-ahead prices fall, more supply to outweigh demand gains

European day-ahead power prices were weighed down on Monday by projections for higher wind power supply, which countered anticipated demand gains. ›

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  • August 7th, 2017

Oil Trades Near $49 Before OPEC Talks on Output Cut Compliance

Oil traded near $49 a barrel before representatives of OPEC nations meet with their allies to discuss why some of them are falling behind in pledges to reduce production. ›

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