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Industry News from Energy Services

  • July 24th, 2018

Oil prices mixed as oversupply worries compete with U.S., Iran war of words

Oil prices were mixed on Tuesday as benchmark Brent crude rebounded from earlier losses with market participants divided in their concerns amid rising tensions between the United States and OPEC producer Iran and signs of oversupply. ›

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  • July 23rd, 2018

EUROPE POWER-Spot prices rise in summer heat, mid-term contracts also firm

European spot electricity prices rose on Monday as wind and nuclear power supply declined and demand for air conditioning increased in a heat-wave, a scenario that also pushed up prices for next week and August. ›

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  • July 23rd, 2018

Oil steady after G20 warns of risks to growth

Oil prices stabilised on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand. ›

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  • July 23rd, 2018

UK GAS-Prices rise amid reduced supply due to Total strike

British wholesale gas prices rose on Monday morning as a strike on some of Total’s North Sea oil and gas platforms began, reducing supply, and as wind output remained low. ›

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  • July 20th, 2018

EUROPE POWER-Spot prices flat, low renewables balanced by more thermal supply

European spot electricity prices for early next week were little changed on Friday as sustained low volumes for renewables balanced against higher thermal availability. ›

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  • July 20th, 2018

UK GAS-Prompt falls on warmer weather and increased Norway flows

British prompt gas prices fell slightly on Friday on expectations for higher temperatures in the days coming and as increased flows from Norway created an oversupplied system. ›

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  • July 20th, 2018

Oil prices rise, but still set for weekly drop on oversupply, trade worries

Crude prices rose on Friday, but were still set for a weekly drop on concerns about oversupply and the ongoing trade conflict between the United States and China, the world’s two biggest oil users. ›

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  • July 19th, 2018

EUROPE POWER-Spot power prices lifted by expected fall in nuclear, wind output

European spot electricity prices for day-ahead delivery rose on Thursday on the back of forecasts showing a dip in German wind power generation and reduced nuclear supply in France, while the forward curve added gains, tracking carbon and coal prices. ›

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  • July 19th, 2018

UK GAS-Prices edge down on ample supply after previous bounce

British wholesale gas contracts edged down on Thursday in an oversupplied market but the falls were cushioned by an outage at a Norwegian field and the prices were still high for this time of the year. ›

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  • July 19th, 2018

Oil prices fall on record U.S. output, stock build

Oil prices fell on Thursday after official data showed an unexpected rise in U.S. crude stockpiles, U.S. output hit a record high and major oil exporters increased production. ›

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