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Industry News from Energy Services

  • October 21st, 2016

UK Gas – Prompt prices slip as supply outpaces demand

British prompt gas prices opened lower on Friday morning, as strong imports from Norway contributed to a slightly oversupplied gas system. ›

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  • October 21st, 2016

Oil Holds Near $50 as Investors Weigh Production Cut Agreement

Crude held above $50 a barrel as investors weighed the likelihood of a deal to reduce supply after Russia’s largest oil company said the country was capable of a significant increase to output. ›

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  • October 20th, 2016

French, UK, German spot power prices ease slightly post-strike; near curve firms

European spot power prices eased Thursday on the back of typically lower demand ahead of the weekend and with the end of strike action in France easing risk on the supply side. ›

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  • October 20th, 2016

Don’t ‘bet against the Saudis’

With big debt deal and rising oil prices, market message is don’t ‘bet against the Saudis’ ›

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  • October 19th, 2016

UK Gas – Prompt prices gain on lower imports, cooler weather

British spot gas prices rose on Wednesday after hitting the highest level for more than a year a day earlier on lower imports and a calmer and cooler weather outlook. ›

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  • October 19th, 2016

Oil rises on reported US crude inventory draw, expected OPEC cut

Oil prices rose early on Wednesday, pushed up by a report of a fall in U.S. crude inventories and an OPEC statement saying a planned production cut was achievable, although analysts warned that Chinese economic data could erode the bullish momentum. ›

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  • October 18th, 2016

UK prompt power prices rebound on higher demand, reduced wind

UK spot power prices recovered Monday’s losses on Tuesday as higher demand and lower wind output forecasts boosted the market, while an expected slump in wind in the latter half of the working week pushed prompt contracts further higher, sources said. ›

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  • October 18th, 2016

UK Gas – Prompt jumps as cooler temperatures, less wind lifts demand

British natural gas prices for instant delivery jumped more than five percent on Tuesday due to colder weather forecasts supporting heating demand. ›

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  • October 18th, 2016

U.K. Gas on Longest Winning Streak in Nine Years on Absent LNG

Britain’s heating season has started with a bang, as natural gas contracts reverse a two-year slump. ›

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  • October 18th, 2016

Oil Hovers Around $50 as U.S. Stockpiles Weigh Against OPEC Cuts

Oil shrugged off data forecast to show U.S. stockpiles gained a second week, edging back above the $50 level where prices have hovered since rallying on OPEC’s decision to cut output last month. ›

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