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Energy Services News

  • May 18th, 2021

EUROPE POWER-Prompt up on lower wind supply as demand holds up

European prompt power prices rose on Tuesday due to lower German wind production and in a lasting cold spell that has driven demand levels to above seasonal averages.

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  • May 18th, 2021

UK GAS-Prices correct lower on weaker carbon, balanced system

British wholesale gas prices corrected lower for a second day on Tuesday morning following a recent rally, amid a balanced system and weaker carbon prices.

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  • May 18th, 2021

Oil prices rise as U.S., Europe reopen economies

Oil prices extended gains on Tuesday as hopes of a solid recovery in fuel demand following the reopenings of the U.S. and European economies offset concerns over spreading COVID-19 cases in Asia.

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  • May 17th, 2021

UK GAS-Prices fall as flows re-routed to Britain from Norway

British wholesale gas prices fell on Monday morning after steep gains last week and as flows from Norway were re-routed to Britain from continental Europe.

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  • May 17th, 2021

Oil eases as Asia’s COVID-19 restrictions dampen sentiment

Oil prices drifted lower on Monday after the recovery of a major U.S. pipeline network eased concerns over supply, though fresh restrictions in Asia sparked by surging COVID-19 cases weighed on sentiment.

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  • May 14th, 2021

UK GAS-Prices mostly rise on expected cool weather and low stocks

British and Dutch gas prices mostly rose on Friday morning as forecasts for cooler than normal temperatures for May combined with low European gas stocks to lift most contracts.

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  • May 14th, 2021

Oil extends loss on India COVID-19 cases, U.S. pipeline restart

Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack.

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  • May 13th, 2021

UK GAS-Prices fall on weaker carbon, balanced supply outlook

British wholesale gas prices fell on Thursday morning as European Union carbon prices retreated from record levels and on a balanced system.

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  • May 13th, 2021

Oil drops as India’s COVID crisis puts brakes on rally

Oil prices fell 1% on Thursday as India’s coronavirus crisis deepened, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand.

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  • May 12th, 2021

Oil climbs on solid demand outlook as market awaits fresh cues

Oil prices rose on Wednesday after a drop in U.S. crude inventories reinforced OPEC’s robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage.

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