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Energy Services News

  • 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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  • July 23rd, 2018

UK GAS-Prices rise amid reduced supply due to Total strike

British wholesale gas prices rose on Monday morning as a strike on some of Total’s North Sea oil and gas platforms began, reducing supply, and as wind output remained low. ›

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  • July 20th, 2018

EUROPE POWER-Spot prices flat, low renewables balanced by more thermal supply

European spot electricity prices for early next week were little changed on Friday as sustained low volumes for renewables balanced against higher thermal availability. ›

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  • July 20th, 2018

UK GAS-Prompt falls on warmer weather and increased Norway flows

British prompt gas prices fell slightly on Friday on expectations for higher temperatures in the days coming and as increased flows from Norway created an oversupplied system. ›

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  • July 20th, 2018

Oil prices rise, but still set for weekly drop on oversupply, trade worries

Crude prices rose on Friday, but were still set for a weekly drop on concerns about oversupply and the ongoing trade conflict between the United States and China, the world’s two biggest oil users. ›

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