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Energy Services News

  • January 17th, 2020

UK GAS-Prompt prices mixed on colder temperatures, healthy demand

British prompt wholesale gas prices were mixed on Friday morning as colder temperatures forecast from the weekend pushed up demand but healthy supply weighed on some contracts.

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  • January 17th, 2020

Oil steady as sluggish China growth offsets trade deal optimism

Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand which countered optimism from the signing of a Sino-U.S. trade deal this week.

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  • January 16th, 2020

UK GAS-Prices rise on LNG drop, expectations of stronger demand

British wholesale gas prices rose on Thursday morning, supported by a drop in liquefied natural gas (LNG) send-out and expectations of a demand rise. ›

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  • January 16th, 2020

Oil gains after U.S.-China trade deal, fall in inventories

Oil prices rose on Thursday buoyed by the long-anticipated signing of an initial Sino-U.S. trade deal that sets the stage for a jump in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected. ›

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  • January 15th, 2020

EUROPE POWER-Spot rises as strike curbs French power availability

Prompt power prices in the European wholesale market jumped on Wednesday as ongoing strikes by French workers in a row over pension reforms curbed generation capacity in that country by 7.5%, while Germany saw a downturn in wind supply.

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  • January 15th, 2020

UK GAS-Prices decline on strong wind output, higher Norway flows

British wholesale gas prices declined on Wednesday morning as strong wind output and slightly higher flows from Norway curbed demand.

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  • January 15th, 2020

Oil drops on concerns that U.S.-China trade deal may not stoke demand

Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese goods until a second phase.

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  • January 14th, 2020

EUROPE POWER-Prompt prices rise on tighter wind power, nuclear output

European spot delivery electricity prices rose on Tuesday as forecasts for tighter supply in the main markets outweighed weakening demand.

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  • January 14th, 2020

UK GAS-Prices slip as strong wind power curbs demand

Prompt British wholesale gas prices edged lower on Tuesday morning as strong winds ramped up output from the country’s wind farms and curbed gas demand for power generation.

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  • January 14th, 2020

Oil prices steady after recent decline, trade deal and U.S. inventories eyed

Oil prices steadied on Tuesday, after recent declines, as investors focused on the signing of a preliminary trade deal between the United States and China, the world’s top oil consumers, and on expectations of a drawdown in U.S. stockpiles.

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