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Industry News from Energy Services

  • July 18th, 2018

UK GAS-Contracts rally on Norway, Nord Stream outages

British wholesale gas prices rose on Wednesday driven by outages in Norway which have reduced supply and higher demand from mainland Europe following the shutdown of Russia’s Nord Stream gas export pipeline to Germany. ›

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  • July 18th, 2018

EUROPE POWER-Drop in wind, increased demand lift spot prices

A forecast fall in wind power generation in Germany and an expected rise in power demand in France lifted European spot electricity contracts for day-ahead delivery in the wholesale market on Wednesday. ›

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  • July 18th, 2018

Oil prices fall on rise in U.S. stocks, demand worries

Oil prices fell on Wednesday on news of a rise in U.S. crude inventories last week, defying analyst expectations for a big fall, while concerns about weak demand growth also resurfaced. ›

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  • July 17th, 2018

UK GAS-Day ahead price falls on corrective trading, oversupply

British day-ahead gas price moved down slightly on Tuesday morning amid oversupply and in a move that traders say corrects the previous session’s gains.

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  • July 17th, 2018

Oil’s Below $68 as Possible Stockpile Drop Counters Supply Boost

Oil traded below $68 as investors weighed the prospect of shrinking U.S. inventories against more supply from Saudi Arabia and America’s emergency hoard.

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  • July 16th, 2018

Norway oil, gas union widens six-day drilling rig strike

A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has hit oil output after employers did not respond to demands for higher wages and pension benefits. ›

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  • July 16th, 2018

UK GAS-Prices rise on low wind output

British wholesale gas prices rose on Monday morning as low wind energy output drove up gas-to-power demand. ›

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  • July 16th, 2018

Oil prices fall but supply tight with focus on outages

Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers. ›

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  • July 13th, 2018

EUROPE POWER-Monday contracts higher on expected wind lull, curve down

Monday power prices rose in European wholesale market trading on Friday on expectations for low German wind power and tighter nuclear supply, while forwards tracked weaker fuels prices. ›

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  • July 13th, 2018

UK GAS-Prices edge higher on outage but remain at discount to Europe

British wholesale gas prices rose on Friday as an outage at a gas terminal dented flows leaving the system a little undersupplied following several days of price falls. ›

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