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Industry News from Energy Services

  • August 23rd, 2018

EUROPE POWER-Year contracts hit fresh highs as curve posts across-the-board gains

European power prices for coming years set the latest in a series of contract highs on Thursday, boosted by firmer carbon, a bullish mid-term outlook and with high spot power levels being rolled over into weekly, monthly and quarterly contracts. ›

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  • August 23rd, 2018

UK GAS-Prices up as flows from Norway fall

British wholesale gas prices increased on Thursday morning after flows from Norway fell and left the market undersupplied. ›

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  • August 23rd, 2018

Oil slips as trade dispute outweighs U.S. stock decline

Oil prices slipped on Thursday as an escalating trade dispute between the United States and China outweighed the bullish impact of a decline in U.S. commercial crude inventories. ›

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  • August 22nd, 2018

UK GAS-Prices up on anticipation of lower imports, stronger oil

British wholesale gas prices rose on Wednesday morning on expectations of lower exports from Norway and as strong oil prices boosted the curve. ›

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  • August 22nd, 2018

Oil prices inch up as U.S. crude stocks drop, Iran sanctions weigh

Oil markets rose on Wednesday on a drop in U.S. crude inventories and a weaker dollar, while concerns about a potential shortfall in Iranian supply from November due to U.S. sanctions also buoyed prices. ›

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  • August 21st, 2018

EUROPE POWER-Forwards hit new highs tracking carbon, day-ahead prices down

European power curve prices on Tuesday hit the latest in a series of contract highs in recent weeks, driven by gains in related carbon emissions rights and with a firm oil market that lifted gas curve prices. ›

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  • August 21st, 2018

EU CO2 prices to average Eur35-40/mt to 2023

EU carbon dioxide allowance prices are likely to average Eur35/mt to Eur40/mt over the period 2019-23, accelerating coal-to-gas fuel switching in the power generating sector. ›

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  • August 21st, 2018

UK GAS-Prices rise as impact from Total strike filters through

British wholesale gas prices rose on Tuesday as flows were curbed by strike action at three North Sea oil and gas fields and exports flowed to the continent, leaving the system undersupplied. ›

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  • August 21st, 2018

Oil firm on tighter U.S. outlook, but strategic reserve release caps market

Oil prices held firm on Tuesday, with U.S. fuel markets seen to be tightening, although the release of crude from the American strategic reserve somewhat offset an expected supply cut due to upcoming sanctions against Iran. ›

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  • August 20th, 2018

EUROPE POWER-Spot prices rise as wind drops, new high for German year-ahead

European spot power price rose on Monday as German wind supply was set to fall sharply, while benchmark forward prices struck a new contract high in step with a strong EU carbon market. ›

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