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Industry News from Energy Services

  • October 17th, 2016

UK Gas – Instant delivery price falls on high imports, oversupply

British gas prices for within-day delivery fell on Monday morning, as strong imports from the Netherlands and Norway led to an oversupplied system. ›

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  • October 17th, 2016

Oil Extends Decline as U.S. Producers Boost Drilling Amid Glut

Oil extended declines after U.S. producers increased drilling as the market contends with an overhang of crude inventories at the highest seasonal level in at least three decades. ›

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  • October 14th, 2016

Oil edges up on tighter US fuel market; doubts over OPEC cuts weigh

Oil prices edged up on Friday, pushed by a tighter U.S. fuel market and as technical indicators attracted buying from financial players, but doubts over the feasibility of a planned production cut still weighed on markets. ›

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  • October 13th, 2016

Near-term UK wholesale natural gas prices edge higher, curve posts gains early

Near-term UK wholesale natural gas prices were little changed in early Thursday trade with the UK gas system seen over-supplied, but the NBP prompt and curve opening higher on supply concerns. ›

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  • October 13th, 2016

UK Gas – Prices inch up on undersupply

British wholesale gas prices rose slightly on Thursday due to undersupply and expectations of lower temperatures. ›

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  • October 13th, 2016

Oil Falls Below $50 on Rising Stockpiles as OPEC Disputes Emerge

Oil extended its decline below $50 a barrel after U.S. industry data showed stockpiles grew and as differences emerge within OPEC over how members will share output cuts. ›

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  • October 12th, 2016

UK Power: Prompt prices steady on higher wind, weak NBP

UK day-ahead power prices were little changed on Wednesday, after sharp fluctuations over the month, as forecasts for increased wind power production coupled with bearish spot gas prices offset market jitters over tight supply. Baseload power for Thursday delivery was last heard trading at GBP47.05/MWh before S&P Global Platts 11 am London time market close, up 5 pence on the day. ›

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  • October 12th, 2016

Euro Gas: Dutch, German spot rise on bullish fundamentals

Dutch and German day-ahead prices rose Wednesday on supportive fundamentals as demand in the Netherlands was seen rising and supply in Germany seen dropping amid stable demand, while temperatures in both areas remained below seasonal norms. ›

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  • October 12th, 2016

UK Gas – Instant delivery price falls as imports rise

British gas prices for immediate delivery fell on Thursday morning, as imports of gas ramped up, leaving the system balanced. ›

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  • October 12th, 2016

Oil Holds Above $50 as Russia Sends Mixed Messages on Output Cut

Oil held above $50 a barrel amid uncertainty over Russia’s willingness to join OPEC efforts to stabilize the market. ›

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