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Industry News from Energy Services

  • February 14th, 2019

EUROPE POWER-Spot dragged lower on mild weather; forwards rebound

European spot wholesale power sagged on Thursday as high temperatures curbed consumption while firmer fuels and carbon prices prompted a rebound along the forward curve. ›

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  • February 14th, 2019

UK GAS-Prices inch up supported by stronger oil, coal

British wholesale gas prices were slightly higher on Thursday morning, even though there is stable supply and reduced demand. ›

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  • February 14th, 2019

Brent crude oil hits 2019-high on Sino-U.S. trade hopes, upbeat China data

Oil prices rose by around 1 percent on Thursday, with Brent crude futures hitting a 2019-high, buoyed by hopes that the Sino-U.S. tariff dispute could end soon and as China’s trade figures including crude imports beat forecasts. ›

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  • February 13th, 2019

UK GAS-Prices decline on reduced demand, oversupply

Prompt wholesale British gas prices edged lower on Wednesday morning due to reduced demand and oversupply. ›

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  • February 13th, 2019

Oil gets a boost from Saudi output pledge, declining U.S. inventories

Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories. ›

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  • February 12th, 2019

UK GAS-Prices fall as lower consumption offsets smaller imports

British wholesale gas prices fell on Tuesday as lower consumption due to warmer weather offset a reduction of flows into the United Kingdom from the Netherlands and Norway. ›

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  • February 12th, 2019

Oil up on OPEC output cuts and as sanctions against Venezuela, Iran bite

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets in check. ›

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  • February 11th, 2019

UK GAS-Prices down on mild weather and strong gas supplies

British wholesale gas prices fell on Monday on mild weather and strong supplies from Norway, and as a large number of liquefied natural gas (LNG) cargos are expected to arrive during the week. ›

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  • February 11th, 2019

Oil prices fall on rising U.S. rig count, Illinois refinery outage

Oil prices fell on Monday as drilling activity in the United States picked up and a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large crude distillation unit. ›

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  • February 8th, 2019

EUROPE POWER-German prompt down on higher wind speeds, drop in demand

European spot power prices for Monday delivery fell in wholesale market trading on Friday as lower demand was forecast and Germany was set to receive a lot more wind power. ›

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