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Energy Services News

  • February 12th, 2019

Oil up on OPEC output cuts and as sanctions against Venezuela, Iran bite

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets in check. ›

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  • February 11th, 2019

UK GAS-Prices down on mild weather and strong gas supplies

British wholesale gas prices fell on Monday on mild weather and strong supplies from Norway, and as a large number of liquefied natural gas (LNG) cargos are expected to arrive during the week. ›

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  • February 11th, 2019

Oil prices fall on rising U.S. rig count, Illinois refinery outage

Oil prices fell on Monday as drilling activity in the United States picked up and a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large crude distillation unit. ›

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  • February 8th, 2019

EUROPE POWER-German prompt down on higher wind speeds, drop in demand

European spot power prices for Monday delivery fell in wholesale market trading on Friday as lower demand was forecast and Germany was set to receive a lot more wind power. ›

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  • February 8th, 2019

UK GAS-Prices fall as storm Erik boosts wind power output

British wholesale gas prices fell on Friday morning as high wind speeds from storm Erik increased output from the country’s wind farms, curbing demand for gas. ›

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  • February 8th, 2019

Oil heads for weekly loss as slowdown worries outweigh supply cuts

Oil markets inched down on Friday and were heading for a weekly loss, pulled down by worries about a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Venezuela provided crude with some support. ›

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  • February 7th, 2019

EUROPE POWER-Spot prices ease as wind supply set to rise again

European power prices for day-ahead delivery fell further on Thursday as supply from wind turbines was forecast to rise again, while relatively mild temperatures were expected to add to an end-of-week easing in demand. ›

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  • February 7th, 2019

UK GAS-Prices rise as temperatures turn colder than expected

British wholesale gas prices edged higher on Thursday as colder weather than originally forecast led to a slightly under supplied system. ›

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  • February 7th, 2019

Oil prices drop on rising US crude supply, but OPEC cuts support

Oil prices fell on Thursday after U.S. crude inventories rose and the country’s production held at record levels, but OPEC-led supply cuts and Washington’s sanctions against Venezuela supported markets. ›

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  • February 6th, 2019

Oil ticks higher, market eyes U.S. State of the Union address

Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.

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