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Energy Services News

  • July 27th, 2020

Oil slips as U.S.-China friction, rising virus cases weigh on markets

Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.

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  • July 24th, 2020

EUROPE POWER-Forecast drop in wind generation lifts German spot for Monday

The spot electricity price for early next week delivery in Germany rose on Friday due to a projected decrease in wind power supply, while low demand weighed on the French price.

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  • July 24th, 2020

Oil rises on weaker dollar, but demand threats check gains

Oil prices rose on Friday on the back of a weaker U.S. dollar, although demand concerns stemming from rising coronavirus cases and escalating U.S.-China tensions kept a cap on prices.

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  • July 23rd, 2020

EUROPE POWER-Spot prices fall on additional wind power

European spot electricity prices for Friday delivery slid on Thursday, due to a projected increase in power generation from wind turbines and a forecast decrease in demand.

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  • July 23rd, 2020

Oil ticks up, but gains capped by demand destruction

Oil prices ticked higher on Thursday, although gains were limited by a surprise increase in U.S. crude oil reserves as the coronavirus pandemic hit fuel consumption.

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  • July 22nd, 2020

EUROPE POWER-Spot prices diverge as French renewables dip

European spot electricity prices for Thursday delivery diverged on Wednesday as renewable supply in Germany edged lower while demand rose, and power generation from wind and solar fell in France.

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  • July 21st, 2020

Oil gains as vaccine hopes edge out rise in infections

Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could derail a recovery in demand.

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  • July 20th, 2020

Oil falls on worries over fuel demand setback as infections rise

Oil prices dropped on Monday, amid concerns that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. ›

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  • July 17th, 2020

EUROPE POWER-Monday prices fall on weaker demand, more supply

European electricity prices for Monday fell in Friday wholesale market trading on lower demand in the region, while renewable and conventional supply increased. ›

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  • July 17th, 2020

Oil prices slips as clouds gather over fuel demand, looser supply curbs

Oil prices edged lower on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries just as major producers get set to loosen production curbs. ›

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