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Energy Services News

  • August 7th, 2019

UK GAS-Prices rise as increased IUK exports help lessen oversupply

British wholesale gas prices rose on Wednesday, partly correcting the previous day’s losses, as exports through the InterconnectorUK to Europe increased. ›

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  • August 7th, 2019

Oil sets new seven-month low on trade tensions

Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-U.S. trade tensions weighed on the outlook for the global economy and energy demand. ›

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  • August 6th, 2019

UK GAS-Prices fall in oversupplied market capped by high storage

British wholesale natural gas prices fell on Tuesday as weak demand and a slight increase in production led to an oversupplied market with storage unable to take much more gas. ›

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  • August 6th, 2019

Oil prices rise, but U.S.-China trade tensions drag

Oil prices rose 1% on Tuesday as traders betting on falling prices bought back contracts to lock in profits after declines over the last three sessions due to escalating trade tensions between China and the United States. ›

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  • August 5th, 2019

EUROPE POWER-Expected wind supply surge cuts German spot prices

German prompt electricity prices dropped on Monday on forecasts of resuming wind power supply, while in France they rose on higher demand forecasts but were still at a discount to Germany. ›

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  • August 5th, 2019

UK GAS-Prices fall as some UK gas fields start to ramp up

British wholesale natural gas prices fell on Monday as some domestic fields started to ramp up after maintenance. ›

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  • August 5th, 2019

Oil prices fall as trade tensions hit demand outlook

Oil prices fell on Monday amid renewed global economic growth concerns after U.S. President Donald Trump vowed to escalate the trade war with China with more tariffs, which would likely limit fuel demand in the world’s two biggest crude consumers. ›

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  • August 2nd, 2019

EUROPE POWER-German spot price for early next week rises on lower renewables

Germany’s prompt electricity price for early next week delivery posted gains in wholesale trade on Friday on the back of a forecast for lower wind and solar power generation.

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  • August 2nd, 2019

Oil prices regain ground after plunge on Trump’s tariff vow

Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.

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  • August 2nd, 2019

UK GAS-Prices fall as Norwegian flows increase

British wholesale gas prices fell on Friday, partly a correction of the previous day’s gains, while an increase in Norwegian pipeline flows contributed to oversupply in the system, traders said.

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