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Industry News from Energy Services

  • March 26th, 2020

Oil prices mixed as demand shrinks, but stimulus hopes support

Oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.

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  • March 25th, 2020

EUROPE POWER-Prompt down on bearish supply/demand, curve recovers more

Spot electricity prices for the day-ahead fell on Wednesday in the European wholesale market on bearish fundamentals, but forward prices gained for the second day after a slump on Monday that was triggered by the coronavirus crisis. ›

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  • March 25th, 2020

UK GAS-Day-ahead up on colder weather, lower wind forecasts

British wholesale gas for day-ahead delivery was up on Wednesday morning on expectations of colder weather and lower wind output, while other contracts dipped slightly.

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  • March 25th, 2020

Oil extends gains as optimism over U.S. stimulus lifts global markets

Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets as the United States is expected to approve a massive aid package to stem the economic impact of the coronavirus pandemic.

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  • March 24th, 2020

UK GAS-Day-ahead price edges higher with wind power output set to dip

The day-ahead British wholesale gas price edged higher on Tuesday morning as forecasts for lower output from the country’s wind farms was expected to increase demand for gas from power stations.

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  • March 24th, 2020

Oil prices rise over $1 as U.S. ramps up economic support measures

Oil prices rose around 4% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand.

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  • March 23rd, 2020

UK GAS-Prompt prices fall on weak demand, oversupply

British prompt gas prices fell sharply on Monday morning as temperatures were expected to rise, and demand for gas was weak.

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  • March 23rd, 2020

Brent crude extends fall as coronavirus shutdowns sap demand

Brent crude prices extended falls on Monday amid more action by governments to contain the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a worldwide economic contraction.

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  • March 20th, 2020

UK GAS-Prices fall on higher LNG send-out, Norwegian flows

British wholesale gas prices fell on Friday morning as higher liquefied natural gas (LNG) send-out and Norwegian flows created an oversupplied market.

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  • March 20th, 2020

Oil up $2 as Trump hints at Saudi-Russia price war intervention

Oil prices rose by more than $2 on Friday, building on gains in the previous session after U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia.

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