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Industry News from Energy Services

  • October 11th, 2016

UK Gas – Spot rallies on shortages as LNG and oil weigh on curve

British natural gas prices diverged on Tuesday with some prompt contracts rallying in response to tight intra-day supply while forward deals were in retreat along with crude oil. ›

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  • October 11th, 2016

Oil Holds Gains Near 15-Month High on Saudi-Russia Output Pledge

Oil held gains near the highest settlement in almost 15 months as Russia and Saudi Arabia said they’re ready to cooperate to limit output. The International Energy Agency said the market may rebalance faster than expected if OPEC sticks to its new target. ›

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  • October 10th, 2016

UK Gas – Prices drop on surge in Norwegian imports, expected LNG tanker

British wholesale gas prices fell on Monday morning as imports from Norway surged, while oil and carbon prices weakened, and an arrival of a new LNG tanker was confirmed. ›

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  • October 10th, 2016

EU Carbon Has Biggest Weekly Gain for Two Years as Gas Surges

European Union carbon allowances had their biggest weekly gain since February 2014 as natural gas and crude oil advanced. ›

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  • October 10th, 2016

Oil prices fall over doubts that non-OPEC producers will cut output

Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has dogged markets for over two years. ›

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  • October 7th, 2016

Oil curves move above $50 as financial confidence in crude rises

U.S. oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above that level in a sign that financial markets have increasing confidence in the sector. ›

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  • October 6th, 2016

UK Gas – Lifted by bullish European energy complex

British wholesale natural gas prices were pulled up along with a rallying European energy complex on Thursday and in response to mounting concern over tight winter gas markets. ›

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  • October 6th, 2016

EUROPE POWER-Spot hits new highs on low renewables, tight French nuclear supply

European prompt power prices for day-ahead delivery continued to rally on Thursday on firm demand, a sharp decline in German renewables output and unabated supply worries in France. ›

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  • October 6th, 2016

Oil Halts Gain Below $50 as Goldman Sees Rally Supporting Output

Oil halted gains below $50 a barrel as investors weighed falling U.S. stockpiles against speculation the recent price rally will encourage producers to raise output. ›

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  • October 5th, 2016

Dutch, German natural gas spot prices follow NBP higher

Dutch and German gas prices continued to rise Wednesday morning taking their lead again from a bullish NBP spot on the back of lower Norwegian imports and stronger heating demand expected on Thursday in the UK. ›

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