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Industry News from Energy Services

  • March 19th, 2020

UK GAS-Prompt prices rise on cooler weather

Prompt British wholesale gas prices rose on Thursday as cooler weather boosted demand leaving the system undersupplied. ›

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  • March 19th, 2020

Oil halts three-day slump but virus outbreak, oversupply still weigh

Oil prices rose nearly 10% on Thursday after a three-day selloff drove them to their lowest levels in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.

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  • March 18th, 2020

EUROPE POWER-Year-ahead prices tumble to near two-year lows

European baseload power prices for year-ahead delivery hit near two-year lows in wholesale trade on Wednesday, tracking the fall in leading oil, coal and carbon emissions contracts. ›

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  • March 18th, 2020

Oil falls for third day as coronavirus travel bans escalate

Oil prices fell for a third session on Wednesday to be down about 17% so far this week as the outlook for fuel demand darkened amid travel and social lockdowns triggered by the coronavirus epidemic.

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  • March 17th, 2020

EUROPE POWER-Prompt falls as demand eases, supply rises

European spot electricity prices fell on Tuesday as demand eased due to the coronavirus crisis, which is keeping workers at home and seeing industries close, and as thermal and renewable power supply increased.

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  • March 17th, 2020

Oil prices jump over $1 as sharp falls draw bargain buyers

Oil rose more than $1 on Tuesday as bargain hunters emerged after recent sharp falls due to the coronavirus pandemic and the price war between Saudi Arabia and Russia, but fears of a recession still dragged on the market.

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  • March 16th, 2020

UK GAS-Prices fall as lower demand from coronavirus spread weighs

European wholesale gas prices fell on Monday morning due to lower demand and in line with the wider energy complex, as markets plunged due to the spread of the novel coronavirus.

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  • March 16th, 2020

Oil slumps again as coronavirus hits demand and price war bites

Oil fell on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus, while a price war between top producers added to a growing supply glut.

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  • March 13th, 2020

EUROPE POWER-Monday prices rise, German wind expected to drop

Power prices for Monday delivery rose in Europe’s wholesale market on Friday as wind power supply in the main producer country Germany was forecast to fall by two thirds in the period from high levels previously. ›

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  • March 13th, 2020

UK GAS-Prices rise in undersupplied market

Prompt British wholesale gas prices rose on Friday morning as strong demand for gas from power plants left the market undersupplied. ›

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