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Industry News from Energy Services

  • September 24th, 2018

Oil jumps 2 percent as market tightens, more gains seen

Oil prices rose 2 percent on Monday as U.S. sanctions restricted Iranian crude exports, tightening global supply, with some traders forecasting a spike in crude to as much as $100 per barrel. ›

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  • September 21st, 2018

EUROPE POWER-Monday power prices slip on forecast surge in wind output

The German spot electricity contract for delivery early next week fell on Friday, pressured by a forecast sharp rise in power generation from German wind turbines while consumption is expected to dip. ›

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  • September 21st, 2018

UK GAS-Within-day down on wind and Norway flows, day-ahead up on colder weather

The British within-day gas price fell on Friday due to increased imports from Norway and strong wind power production, but forecasts for approaching colder weather helped lift the day-ahead contract. ›

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  • September 21st, 2018

Oil edges up on supply worries, but Trump’s call for lower prices drags

Oil futures inched up on Friday amid concerns over supply as U.S. sanctions on Iran’s crude exports loom, although calls by U.S. President Donald Trump for lower oil prices dragged. ›

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  • September 20th, 2018

EUROPE POWER-German spot price tumbles on increased wind power forecast

European spot electricity prices for day-ahead delivery plunged on Thursday as forecasts showed wind power generation surging in the coming days, while year-ahead contracts added to gains, tracking the rise in carbon emissions and coal prices. ›

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  • September 20th, 2018

UK GAS-Prices rise as weather turns and demand forecasts rise

British wholesale gas prices rose on Thursday, extending the previous day’s gains after temperature forecasts were reduced and domestic demand expectations rose. ›

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  • September 20th, 2018

Oil prices climb amid fall in US stockpiles, supply worries

Oil rose for a third day on Thursday amid another drawdown in U.S. inventories and strong U.S. gasoline demand, while signs OPEC may not raise output to address shrinking supplies from Iran also supported prices. ›

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  • September 19th, 2018

EUROPE POWER-Forecast increase in wind power output weighs on spot prices

European spot electricity prices for day-ahead delivery dipped on Wednesday on the back of forecasts showing an increase in wind power supply, while consumption will remain marginal. ›

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  • September 19th, 2018

UK GAS-Prices mixed on cooler weather forecasts, oversupply

British wholesale gas prices mostly rose on Wednesday morning, as expectations of cooler weather boosted demand while gas prices for immediate delivery slipped on oversupply. ›

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  • September 19th, 2018

Oil prices edge up as supply concerns outweigh U.S. stockpile gains

Oil prices inched up on Wednesday as concerns that producers may not be able to cover a shortfall in supply once U.S. sanctions on Iran kick in outweighed a gain in U.S. stockpiles. ›

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