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Energy Services News

  • January 10th, 2018

EUROPE POWER-Cold snap forecast lifts demand, day-ahead power prices

European prompt power prices for next day delivery rose on Wednesday buoyed by an expected rise in consumption due to cold weather, amid a slump in wind and solar power generation. ›

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  • January 10th, 2018

UK GAS-Prices mostly down on mild weather, strong Norwegian flows

British wholesale gas prices were mostly lower on Wednesday as milder weather and strong Norway flows curbed demand. ›

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  • January 10th, 2018

U.S. oil prices hit highest since 2014, but analysts warn of overheated market

U.S. oil prices hit their highest since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. ›

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  • January 9th, 2018

EUROPE POWER-German spot power price soars as wind generation falls

European spot electricity prices for day-ahead delivery diverged on Tuesday as forecasts for a sharp fall in wind power generation lifted the German contract, while increased nuclear power supply and lower consumption weighed in France ›

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  • January 9th, 2018

UK GAS-Prices mostly rise on milder temperatures, Groningen supply fears

British wholesale gas prices mostly rose on Tuesday morning as forecasts for milder temperatures boosted demand and on concerns that production could be further cut from the Netherlands’ Groningen gas fields. ›

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  • January 9th, 2018

Oil hits highest since May 2015 above $68 on tighter market

Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories fell for an eighth week. ›

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  • January 8th, 2018

UK spot power market shrugs-off higher demand, wind drop

Forecasts for colder-than-average temperatures with falling wind supplies and rising gas prices in the UK failed to boost spot prices as markets reacted calmly to bullish fundamentals, sources said. ›

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  • January 8th, 2018

UK GAS-Colder weather lifts prompt prices

British gas prices rose on Monday morning as forecasts for colder weather raised expectations for increased demand. ›

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  • January 8th, 2018

Oil stable on lower U.S. rig count, but below recent highs

Oil prices were stable on Monday, supported by a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below near three-year highs reached last week. ›

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  • January 5th, 2018

Energy Services (Business Power) Ltd – January 2018 Energy Newsletter

In December, energy markets reacted to the news that the Forties oil pipeline (also carrying gas) was shut down due to the discovery of a small hairline crack in the pipe. ›

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