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Industry News from Energy Services

  • December 14th, 2017

Oil prices up on lower U.S. crude stocks, but growing output caps gains

Oil markets rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week. ›

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  • December 13th, 2017

UK GAS-Prices fall as supply worries ease

British wholesale gas prices fell on Wednesday as supply worries eased after Austria’s Baumgarten gas hub reopened following an explosion on Tuesday. ›

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  • December 13th, 2017

EUROPE POWER-Markets calm after gas-related jolt, prompt mixed

Europe’s wholesale electricity market appeared calm on Wednesday after setting new curve price records a day earlier on disruption to gas supplies at a key Austrian hub, which had triggered energy supply fears in winter and sparked rallies. ›

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  • December 13th, 2017

Oil prices recover on big U.S. crude stock drawdown, pipeline shutdown supports

Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets. ›

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  • December 12th, 2017

Energy Services (Business Power) Ltd – December 2017 Energy Newsletter

Our December 2017 Energy newsletter is now available to read.  Please follow the link below to enjoy the latest information on the UK’s energy markets ›

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  • December 12th, 2017

UK GAS-Supply shortages lift prices to highest level since 2013

British wholesale gas prices reached their highest level in four years on Tuesday as supplies were hit by an explosion at Austria’s Baumgarten gas hub, a shutdown at a UK gas pipeline and an outage at Norway’s largest gas field Troll, traders said. ›

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  • December 12th, 2017

Brent crude jumps to highest since mid-2015 after North Sea pipeline outage

Brent oil prices jumped 1.5 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market already tightening due to OPEC-led production cuts. ›

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  • December 11th, 2017

EUROPE POWER-Day-ahead prices mixed on wind, cold weather factors

French day-ahead power prices surged on Monday in the European wholesale market on cold weather while prompt prices in Germany buckled under rising output from wind turbines. ›

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  • December 11th, 2017

UK GAS-Supply shortages and cold snap lift prices

British wholesale natural gas prices rose on Monday morning as surging demand due to near-freezing temperatures left the system struggling to cope with gas shortages.  ›

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  • December 11th, 2017

Oil prices slip under shadow of U.S. drilling

Oil markets edged lower on Monday as ongoing output cuts led by OPEC were countered by rising U.S. drilling activity that points to a further increase in American production. ›

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