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Energy Services News

  • November 27th, 2018

EUROPE POWER-Spot prices tumble on rise in wind and nuclear supply

European spot electricity prices for day-ahead delivery tumbled on Tuesday as forecasts showed a sharp increase in power generation from wind and nuclear sources, while demand is expected to be flat to lower due to a mild weather outlook. ›

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  • November 27th, 2018

Oil falls on record Saudi output; eyes G20 and OPEC

Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week. ›

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  • November 26th, 2018

EUROPE POWER-German day-ahead lifted by increased demand, low wind

European spot electricity prices for day-ahead delivery diverged on Monday, with German contract up on forecasts of a fall in wind power generation and higher demand, while French contracts slipped. ›

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  • November 26th, 2018

UK GAS-Prices fall as LNG keeps coming, storage close to full

British wholesale gas prices fell on Monday as robust supplies through pipelines and from liquefied natural gas (LNG), coupled with expectations of milder weather, created over-supply. ›

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  • November 26th, 2018

Oil prices claw back some losses after ‘Black Friday’ plunge

Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets. ›

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  • November 23rd, 2018

UK GAS-Prices inch up on slightly lower temperatures, low wind

British wholesale gas prices inched up on Friday morning amid a slight drop in temperature expected tomorrow and low wind output. ›

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  • November 23rd, 2018

Oil falls to lowest since late 2017 on emerging supply glut, OPEC expected to cut

Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic outlook. ›

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  • November 22nd, 2018

UK GAS-Prices slip as bumper supplies lead to oversupply

Prompt British wholesale gas prices fell on Thursday morning as high imports of liquefied natural gas (LNG) and gas from Norway left the system oversupplied. ›

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  • November 22nd, 2018

Oil dips as U.S. crude stockpiles swell; possible OPEC cuts prevent bigger slide

Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops. ›

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  • November 21st, 2018

Oil claws back some losses after 6-percent plunge, but outlook still weak

Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day’s 6-percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports.

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