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Energy Services News

  • July 16th, 2019

Oil falls as U.S. resumes Gulf of Mexico output, boosts shale supplies

Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set to rise to a record.

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  • July 15th, 2019

EUROPE POWER-German Cal ’20 baseload at its highest in nine months

Germany’s main power curve contract on Monday hit its highest level in nine months in the wholesale market and its French equivalent a seven-month high, both boosted by related carbon certificates reaching a fresh 11-year high.

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  • July 15th, 2019

UK GAS-Prices rise on low wind output, Norwegian flow reduction

British wholesale gas prices rose on Monday morning on the back of reduced supply from Norway and low wind output which increased demand from gas plants.

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  • July 15th, 2019

Slower China GDP growth nudges oil prices lower

Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer.

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  • July 12th, 2019

EUROPE POWER-Spot for early next week tumbles on increased renewables

European spot electricity prices for early next week delivery tumbled in wholesale trade on Friday as forecasts showed a sharp rise in power generation from wind and solar sources in Germany, while consumption is expected to fall.

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  • July 12th, 2019

UK GAS-Prices mixed as Norwegian imports swell supply

British wholesale gas prices were mixed on Friday morning, with the gas for immediate delivery lower as higher imports from Norway left the system oversupplied.

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  • July 12th, 2019

Oil lingers near six-week highs amid Gulf of Mexico storm, Middle East tensions

Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.

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  • July 11th, 2019

EUROPE POWER-Curve extends gains to fresh multi-week highs

European baseload electricity contracts for next year delivery extended gains in wholesale trade on Thursday, hitting fresh multi-week highs supported by carbon emissions and related energy contracts. ›

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  • July 11th, 2019

UK GAS-Prices rise on trading frenzy while oil up and market undersupplied

British wholesale gas prices rose in busy trade on Thursday, as some traders looked to boost their positions in a market that was undersupplied while oil was lifting the energy complex.

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  • July 11th, 2019

Oil hits 6-week high as rigs brace for Gulf of Mexico storm

Oil futures hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region.

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