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Energy Services News

  • January 29th, 2020

UK GAS-Prices fall as temperatures turn warmer and wind power rises

Prompt British wholesale gas prices fell on Wednesday morning, as forecasts for warmer temperatures and strong wind power output curbed demand.

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  • January 29th, 2020

Oil rises as markets wait on virus impact; U.S. stocks fall

Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout on talk that OPEC could extend oil output cuts if a new coronavirus hurts demand, while data showing a decline in U.S. stockpiles helped steady prices.

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  • January 28th, 2020

EUROPE POWER-Prompt mixed, German prices off on wind, French up on nuclear

European spot electricity prices on Tuesday were mixed, with those in Germany falling due to more wind power production and those in France firming because of tighter nuclear supply.

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  • January 28th, 2020

UK GAS-Prices rise on cold weather demand, LNG supply drop

British wholesale gas prices rose early on Tuesday, supported by colder weather and lower liquefied natural gas (LNG) supply.

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  • January 28th, 2020

Oil steadies after multi-day rout over China virus

Oil futures steadied on Tuesday after five days of declines on concerns a virus outbreak in China could dent demand for oil, with some analysts suggesting the falls may be overdone.

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  • January 27th, 2020

UK GAS-Prices rise in undersupplied market as LNG supply dips

Prompt British wholesale gas prices edged higher on Monday as lower output from liquefied natural gas (LNG) terminals and strong demand for heating left the market undersupplied. ›

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  • January 27th, 2020

Oil slumps further as China virus spreads

Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand.

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  • January 24th, 2020

EUROPE POWER-Rising wind power volume, lower demand cut Monday prices

European prompt power prices for early next week fell sharply in Friday trading on the European wholesale market, due to forecasts for German wind power supply to more than double while usage was predicted to fall.

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  • January 24th, 2020

UK GAS-Within-day gas dips for strong wind power curbs demand

British wholesale gas for immediate delivery inched down on Friday morning, as forecasts for strong output from the country’s wind farms and curbed gas demand for power.

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  • January 24th, 2020

Oil rises, but potential impact of China virus on fuel demand haunts market

Oil prices climbed on Friday, following a drawdown in U.S. crude stocks, but were set to fall heavily for the week amid worries that a new coronavirus in China that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects.

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