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Energy Services News

  • July 17th, 2018

UK GAS-Day ahead price falls on corrective trading, oversupply

British day-ahead gas price moved down slightly on Tuesday morning amid oversupply and in a move that traders say corrects the previous session’s gains.

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  • July 17th, 2018

Oil’s Below $68 as Possible Stockpile Drop Counters Supply Boost

Oil traded below $68 as investors weighed the prospect of shrinking U.S. inventories against more supply from Saudi Arabia and America’s emergency hoard.

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  • July 16th, 2018

Norway oil, gas union widens six-day drilling rig strike

A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has hit oil output after employers did not respond to demands for higher wages and pension benefits. ›

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  • July 16th, 2018

UK GAS-Prices rise on low wind output

British wholesale gas prices rose on Monday morning as low wind energy output drove up gas-to-power demand. ›

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  • July 16th, 2018

Oil prices fall but supply tight with focus on outages

Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers. ›

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  • July 13th, 2018

EUROPE POWER-Monday contracts higher on expected wind lull, curve down

Monday power prices rose in European wholesale market trading on Friday on expectations for low German wind power and tighter nuclear supply, while forwards tracked weaker fuels prices. ›

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  • July 13th, 2018

UK GAS-Prices edge higher on outage but remain at discount to Europe

British wholesale gas prices rose on Friday as an outage at a gas terminal dented flows leaving the system a little undersupplied following several days of price falls. ›

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  • July 13th, 2018

Oil futures edge lower, set for big weekly declines, on oversupply concerns

Oil prices fell on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness in spare capacity. ›

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  • July 12th, 2018

EUROPE POWER-Spot prices fall on weaker demand, rising solar supply

European wholesale spot electricity prices fell on Thursday in response to the prospect of weaker demand and more solar supply even though wind power supply is tightening. ›

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  • July 12th, 2018

UK GAS-Prices fall amid domestic output boost, oversupply

British wholesale gas prices fell on Thursday as higher domestic output and slightly lower projected demand left the system oversupplied. ›

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