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Industry News from Energy Services

  • August 23rd, 2016

UK day-ahead power prices rise on tightening supply

UK day-ahead power contracts moved higher Tuesday as supply was expected to tighten amid easing day-ahead wind and nuclear availability. ›

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  • August 23rd, 2016

UK Gas – Prompt prices soar on lower wind power output

Prompt prices for wholesale gas in Britain soared on Tuesday morning, as expectations of weaker output from the country’s wind farms increased demand from gas-fired power plants. ›

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  • August 23rd, 2016

Oil prices fall as analysts say market still oversupplied

Oil prices fell on Tuesday, with Goldman Sachs warning that August’s price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market. ›

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  • August 22nd, 2016

UK Gas – Within-day prices slip as supply outpaces demand

Prompt British natural gas prices for immediate delivery fell on Monday as higher domestic production and imports from Norway led to an oversupplied system. ›

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  • August 22nd, 2016

Oil Drops After Iraq Seeks Export Boost as Nigeria Attacks End

Oil fell after the longest run of gains in four years as Iraq seeks to increase exports amid a global overhang of crude inventories and as Nigerian militants call an end to hostilities. ›

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  • August 19th, 2016

UK Gas – Prompt prices fall as supplies ramp up, wind output curbs demand

British wholesale gas prices fell on Friday as domestic supplies of gas ramped up while maintenance ended, with higher forecasts of output from the country’s wind farms curbing gas demand from power plants. ›

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  • August 19th, 2016

Brent crude oil rise; on track for seventh-straight day of gains

Brent crude oil prices rose above $51 a barrel on Friday to hit an eight-week high and was on track to rise for a seventh trading day, as hopes that producers could agree measures to support crude buoyed sentiment. ›

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  • August 18th, 2016

UK Gas – Prompt firms on tight supply as outages’ end weighs on curve

British gas prices rose on Thursday due to supply shortfalls but with heavy maintenance drawing to an end on key infrastructure analysts expect supplies to improve by next week. ›

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  • August 18th, 2016

Oil Holds Longest Run of Gains in Over a Year as U.S. Glut Eases

Oil held its advance after the longest run of gains in more than a year as U.S. crude and gasoline stockpiles declined, easing an overhang of supplies that are at the highest seasonal level in at least two decades. ›

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  • August 17th, 2016

UK Gas – Prices ease on oversupplied system, weaker oil

British gas prices eased on Wednesday morning as higher withdrawals from storages left the market oversupplied, while domestic production was expected to increase later this week due to end of maintenance. ›

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