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Industry News from Energy Services

  • November 14th, 2016

Oil steady near multi-month lows on OPEC output record, US rig count

Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again.

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  • November 11th, 2016

UK GAS-Prices dip on oversupply but winter supply fears remain high

British wholesale gas prices edged lower on Friday morning as strong imports created oversupply, but worries about supplies over the winter limited the falls. ›

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  • November 11th, 2016

French power prices for coming weeks up on reactor news

French week 1 baseload power prices were up 15 percent and those for week 2 were up 8 percent on Friday after overnight news of further delays in restarting some of the country’s nuclear reactors triggered replacement purchases. ›

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  • November 11th, 2016

Oil prices fall on persistent fuel supply overhang

Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output. ›

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  • November 10th, 2016

Oil prices rise as markets recover from Trump shock

Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at U.S.

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  • November 9th, 2016

Oil stumbles as Trump stuns markets with White House win

Oil prices tumbled on Wednesday as vote Donald Trump stunned the world by winning the U.S. presidential election, throwing global markets into turmoil in a result reminiscent of June’s Brexit vote.

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  • November 8th, 2016

How EDF’s Sinking Nuclear Output Sent Power Prices to Records

Extended outages at some of Electricite de France SA nuclear reactors have sent European power prices to records. ›

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  • November 8th, 2016

UK GAS-Prices fall on oversupplied system, warmer weather

British wholesale gas prices fell on Tuesday as rising domestic supplies and stronger flows from LNG terminals left the market oversupplied, with weather warming towards the weekend. ›

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  • November 8th, 2016

French spot power price down 52.43 pct on lower demand, higher wind power

French spot power price for day-ahead delivery fell 97 euros or 52.43 pct on Tuesday due to a forecast fall in demand and increased wind power output. ›

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  • November 8th, 2016

Oil prices steady ahead of US election, but weak China data weighs

Oil prices were stable on Tuesday after posting strong gains the previous day when investors piled money into financial markets in expectation that Democrat Hillary Clinton would win the U.S. presidential election.

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