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Energy Services News

  • July 27th, 2018

Oil Heads for a Fourth Weekly Drop as Trade War Fears Linger

Oil is poised for a fourth weekly decline as the unexpected halt in Saudi shipments via a Red Sea waterway was seen as short-lived, while concerns lingered over how the U.S.-China trade spat will affect demand.

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  • July 26th, 2018

UK GAS-Prices fall on high temperatures, oversupply

British wholesale gas prices fell on Thursday morning amid high temperatures and oversupply. ›

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  • July 26th, 2018

Oil prices rise as Saudi Arabia suspends shipments through Red Sea lane

Brent crude led oil prices higher on Thursday, extending gains into a third day after Saudi Arabia suspended crude shipments through a strategic Red Sea shipping lane and as data showed U.S. inventories fell to a 3-1/2 year low. ›

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  • July 25th, 2018

UK GAS-Prices edge up as fallout from strikes evens out

British wholesale gas prices edged higher on Wednesday as a disruption following industrial action this week was still being smoothed over. ›

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  • July 25th, 2018

Oil rises for second day as U.S. crude inventories fall

Oil prices edged higher for a second day on Wednesday after data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that have dragged on markets in recent sessions. ›

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  • July 24th, 2018

EUROPE POWER-Spot power prices lifted by forecast for increased demand

European spot electricity contracts for day-ahead delivery rose on Tuesday, supporting forecasts for increased power demand for air conditioning due to scorching temperatures. ›

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  • July 24th, 2018

UK GAS-Prices mixed as market awaits returning supply

British wholesale gas prices were mixed on Tuesday, with the within-day price buoyed by industrial action and outages that curbed supply. ›

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  • July 24th, 2018

Oil prices mixed as oversupply worries compete with U.S., Iran war of words

Oil prices were mixed on Tuesday as benchmark Brent crude rebounded from earlier losses with market participants divided in their concerns amid rising tensions between the United States and OPEC producer Iran and signs of oversupply. ›

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  • July 23rd, 2018

EUROPE POWER-Spot prices rise in summer heat, mid-term contracts also firm

European spot electricity prices rose on Monday as wind and nuclear power supply declined and demand for air conditioning increased in a heat-wave, a scenario that also pushed up prices for next week and August. ›

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  • July 23rd, 2018

Oil steady after G20 warns of risks to growth

Oil prices stabilised on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand. ›

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