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Energy Services News

  • June 27th, 2018

Oil rises on supply losses, US push to isolate Iran

Oil prices rose on Wednesday on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers to stop buying Iranian crude from November. ›

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  • June 26th, 2018

UK GAS-Prices slide due to warm weather, oversupplied market

British prompt prices fell on Tuesday as the country experiences a week-long heatwave that has reduced heating demand and left the market well supplied in the absence of sudden outages. ›

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  • June 26th, 2018

Oil rises as outages balance trade dispute, OPEC

Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States and other major economies. ›

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  • June 25th, 2018

EUROPE POWER-Prompt prices up as wind supply declines, demand goes up

European wholesale power prices for day-ahead delivery on Monday were lifted by forecasts of rising demand and sharply lower wind power production in Germany. ›

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  • June 25th, 2018

UK GAS-Prices mixed on low wind and forecasts for warmer weather

British prompt prices were mixed on Monday, as within-day fell on weak wind power output and low flows from Norway while day-ahead rose on forecasts for higher temperatures. ›

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  • June 25th, 2018

Oil prices drop on OPEC’s output deal, but markets to stay tight

Oil prices fell on Monday as traders factored in an expected 1 million barrels per day (bpd) output increase in the wake of an Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna last week. ›

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  • June 22nd, 2018

EUROPE POWER-Spot prices up for Monday as wind power recedes

European wholesale power prices for Monday jumped in trading on Friday on forecasts for sharply lower wind power production in Germany. ›

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  • June 22nd, 2018

UK GAS-Prices rise on lower wind power forecasts

British wholesale gas prices rose on Friday morning as forecasts for lower output from the country’s wind farms led to an increase in demand from gas-fired power stations. ›

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  • June 22nd, 2018

Oil rises ahead of OPEC meeting while trade disputes loom over markets

Oil prices rose by more than 1 percent on Friday, lifted by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day. ›

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  • June 21st, 2018

Continental Europe seeking UK natural gas in July on Asian LNG price rise

Storage capacity holders in Continental Europe may switch tactics in order to refill reservoirs next month as UK NBP pricing has become much more attractive so far during June compared to LNG pricing, an analysis by S&P Global Platts showed Thursday. ›

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