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Industry News from Energy Services

  • September 26th, 2017

Oil Back in Bull Market as Kurdish Vote Amplifies Supply Risk

U.S. crude was back in a bull market Tuesday as Turkey threatened to shut down Kurdish oil exports in response to the region’s independence vote, while Trafigura Group and Citigroup Inc. added to warnings of a looming supply squeeze. ›

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  • September 25th, 2017

UK GAS-Prices rise on cooler weather forecasts

British prompt gas price rose on Monday morning on cooler weather forecasts and a slightly undersupplied gas network. ›

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  • September 25th, 2017

EUROPE POWER-Renewables dent German spot as nuclear dip lifts French price

European day-ahead electricity prices diverged on Monday as increased renewables output weighed on the German contract while a forecast rise in demand and dip in nuclear output lifted French prices. ›

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  • September 25th, 2017

Oil holds gains as producers say market rebalancing

Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major producers meeting in Vienna said the market was well on its way towards rebalancing. ›

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  • September 22nd, 2017

UK day-ahead power prices for September 25 firms on tight supply margins

UK day-ahead prices for Monday delivery rose more than 2% as supply margins stood at 4.5 GW and renewable generation fell sharply for Monday. ›

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  • September 22nd, 2017

EUROPE POWER-Spot for early next week lifted by lower renewables

European spot electricity prices for early next week delivery rose on Friday, lifted by forecasts showing lower renewable and nuclear power output, while demand is expected to fall due to slightly warmer weather. ›

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  • September 22nd, 2017

Oil prices narrowly higher as producers meet on output pact

Oil prices were narrowly higher on Friday as the market waited to see whether major oil producers would back an extension to output cuts beyond March at a meeting in Vienna. ›

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  • September 21st, 2017

UK natural gas: Short system boosts spot contracts

UK NBP spot gas contracts were trading higher Thursday mid-morning on the back of an undersupplied system. Norwegian flows were running low due to maintenance, with total flows unable to cover the increased demand on the day. ›

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  • September 21st, 2017

UK GAS-Prices rise on undersupply, low temperatures forecast

Wholesale gas prices rose on Thursday due to undersupply caused by reduced Norwegian flows and a forecast for low temperatures, traders said. ›

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  • September 21st, 2017

Oil dips on rising U.S. crude inventories, production

Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home. ›

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