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Industry News from Energy Services

  • July 17th, 2019

EUROPE POWER-Slack demand and increased wind output weigh on spot prices

European spot electricity prices for day-ahead delivery fell on Wednesday on the back of forecasts showing a rise in wind power generation amid weak consumption.

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  • July 17th, 2019

UK GAS-Prices extend fall on oversupply after two-week bounce

British wholesale gas prices fell on Wednesday, extending this week’s losses after a prolonged rise since the start of the month, thanks to an oversupplied market.

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  • July 17th, 2019

Oil prices gain, U.S. crude trails Brent after inventory data

Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less than expected.

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  • July 16th, 2019

UK GAS-Prices fall on increased Norwegian flows, stronger wind expectations

British wholesale gas prices fell on Tuesday morning as rising flows from Norway oversupplied the system, while power production from wind turbines was seen rising in coming days.

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  • July 16th, 2019

Oil falls as U.S. resumes Gulf of Mexico output, boosts shale supplies

Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set to rise to a record.

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  • July 15th, 2019

EUROPE POWER-German Cal ’20 baseload at its highest in nine months

Germany’s main power curve contract on Monday hit its highest level in nine months in the wholesale market and its French equivalent a seven-month high, both boosted by related carbon certificates reaching a fresh 11-year high.

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  • July 15th, 2019

UK GAS-Prices rise on low wind output, Norwegian flow reduction

British wholesale gas prices rose on Monday morning on the back of reduced supply from Norway and low wind output which increased demand from gas plants.

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  • July 15th, 2019

Slower China GDP growth nudges oil prices lower

Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer.

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  • July 12th, 2019

EUROPE POWER-Spot for early next week tumbles on increased renewables

European spot electricity prices for early next week delivery tumbled in wholesale trade on Friday as forecasts showed a sharp rise in power generation from wind and solar sources in Germany, while consumption is expected to fall.

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  • July 12th, 2019

UK GAS-Prices mixed as Norwegian imports swell supply

British wholesale gas prices were mixed on Friday morning, with the gas for immediate delivery lower as higher imports from Norway left the system oversupplied.

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