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Industry News from Energy Services

  • June 30th, 2020

UK GAS-Prices rise amid undersupplied system

British wholesale gas prices rose on Tuesday morning amid an undersupplied gas system and a strong rise in U.S. gas and carbon emissions prices in the previous day.

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  • June 30th, 2020

EUROPE POWER-Prompt up on tighter supply, curve at four-month highs

European prompt power prices rose sharply on Tuesday, with Germany’s day-ahead level more than doubling on lower wind output, while forwards contracts also gained.

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  • June 30th, 2020

Oil prices slip on demand worries, prospect of Libyan supply return

Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya’s state oil company flagging progress on talks to resume exports.

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  • June 29th, 2020

UK GAS-Prices mostly rise on lower Langeled flows, cooler temperatures

British wholesale gas prices were mostly up on Monday morning as lower temperatures raised consumption and flows through the Langeled pipeline were down.

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  • June 29th, 2020

Oil prices extend losses as coronavirus spike cools demand hopes

Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading some countries to resume partial lockdowns that could hurt fuel demand.

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  • June 26th, 2020

Oil prices advance on growing fuel demand, even as U.S. coronavirus cases jump

Oil prices rose on Friday, extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and signs of a revival in U.S. crude production.

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  • June 25th, 2020

Oil prices extend losses on U.S. stock build, virus fears

Oil prices slipped further on Thursday after tumbling more than 5% in the previous session, as a record build in U.S. crude inventories and a rapid resurgence in COVID-19 cases cast doubts on a recovery in fuel demand.

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  • June 24th, 2020

Oil pulls back after hitting highest since early March

Oil futures slipped on Tuesday as the market braced for reports expected to show swelling U.S. crude inventories, which pulled prices back off the highest levels since before the coronavirus pandemic slammed fuel demand.

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  • June 22nd, 2020

Oil dips as demand worries outweigh tighter supply

Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers.

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  • June 19th, 2020

Oil prices gain with OPEC+ holding the line on supply cuts

Oil prices rose more than 1% on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on cutting supply and two major oil traders said demand was recovering well.

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