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Industry News from Energy Services

  • October 18th, 2018

UK GAS-Prices rise on colder weather after Wednesday’s oversupply

British wholesale gas prices rose on Thursday after a surge of imports from Norway receded, leaving the system balanced, and colder temperatures pushed up the demand forecast. ›

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  • October 18th, 2018

Oil steadies amid Saudi tensions after plunge on jump in U.S. stockpiles

Oil steadied on Thursday as support from ongoing tensions over the disappearance of a prominent Saudi journalist offset a big drop overnight due to a jump in U.S. crude stockpiles. ›

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  • October 17th, 2018

UK GAS-Prices down as Norwegian flows oversupply system

British wholesale gas prices fell on Wednesday, as an increase in flows from Norway heavily oversupplied the system, with demand levels unable to catch up ›

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  • October 17th, 2018

Oil steadies after surprise draw in U.S. crude stocks

Oil prices steadied after three days of gains on Wednesday after industry data showed a surprise decline in U.S. crude inventories and tension over the disappearance of a prominent Saudi journalist stoked supply worries. ›

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  • October 16th, 2018

UK GAS-Within-day price falls on strong LNG, offshore gas output

The British wholesale within-day gas price fell on Tuesday with strong North Sea production and high send-out rates from liquefied natural gas (LNG) terminals leading to an oversupplied market. ›

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  • October 16th, 2018

Oil prices dip amid expectations of higher U.S. inventories

Oil prices dipped on Tuesday amid expectations of an increase in U.S. crude inventories, but signs of a fall in Iranian oil exports this month kept losses in check. ›

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  • October 15th, 2018

EUROPE POWER-Drop in renewables generation lifts spot prices

European spot electricity prices for day-ahead delivery rose on Monday, buoyed by a forecast fall in wind and solar power generation while cold weather is expected to boost demand. ›

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  • October 15th, 2018

UK GAS-Prices rise on undersupply, low wind and nuclear power output

British wholesale gas prices rose on Monday morning as low output from the country’s wind farms and nuclear power plants led to an increase in demand from power stations and left the system undersupplied. ›

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  • October 15th, 2018

Oil prices rise on Saudi tensions; demand outlook drags

Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries, though concerns over the long-term demand outlook dragged on prices. ›

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  • October 12th, 2018

EUROPE POWER-Monday contracts rise on low green power supply, French demand

European spot power prices rose on Friday for early next week due to lower renewable supply and rising consumption in France, where a drop in temperatures is likely to spur demand for heating. ›

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