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Industry News from Energy Services

  • September 13th, 2021

UK GAS-Prices soar on cooler weather, low wind

European wholesale gas prices rose on Monday morning as forecasts of cooler weather and an extended period of low wind output was expected to spur demand amid ongoing supply tightness. ›

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  • September 13th, 2021

Oil rises to one-week high as U.S. supply concerns dominate

Oil prices rose for a second session on Monday as concerns over shut output in the United States, the world’s biggest producer, following damage from Hurricane Ida supported the market, along with expectations for higher demand. ›

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  • September 9th, 2021

UK GAS-Prices rise on UK outages and winter supply concerns

British wholesale gas prices continued to climb on Thursday as British production outages balanced stronger Norwegian gas flows while concerns lingered over winter supply.

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  • September 9th, 2021

Oil gains for 2nd session as lower U.S. output supports

Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in U.S. Gulf of Mexico output following damages from Hurricane Ida underpinned the market.

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  • September 8th, 2021

EUROPE POWER-Spot prices up as solar supply falls

European wholesale spot power prices gained on Wednesday on a forecast drop in solar supply throughout the region.

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  • September 8th, 2021

UK GAS-Prices rise as Norwegian gas flows drop

British prompt wholesale gas prices rose on Wednesday as heavy maintenance among Norwegian producers curbed supplies and low wind speeds lifted demand from power plants to replace output from turbines.

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  • September 8th, 2021

Oil climbs on slow return of U.S. supply after Hurricane Ida

Oil prices climbed on Wednesday, recouping some overnight losses from a stronger dollar and demand concerns, with a slow production restart in the U.S. Gulf of Mexico and resumption of refining activities providing support.

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  • September 7th, 2021

UK GAS-Prices fall on warm weather, stronger wind

British wholesale gas prices fell on Tuesday, as warm weather and forecasts for stronger wind in coming days kept the system oversupplied.

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  • September 7th, 2021

EUROPE POWER-Rising renewable supply weighs on spot prices

European wholesale spot power prices dipped on Tuesday as wind and solar supply were seen rising in Germany.

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  • September 7th, 2021

Oil mixed, fears of slower demand weigh on sentiment

Oil prices were mixed on Tuesday as some investors scooped up bargains following recent losses, while Saudi Arabia’s sharp cuts in crude contract prices for Asia sparked fears over slower demand and weighed on sentiment.

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