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Industry News from Energy Services

  • November 7th, 2016

UK Gas Prices climb on lower temperatures, declining wind output

British wholesale gas prices climbed on Monday morning, boosted by increased demand due to colder weather and falling wind output. ›

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  • November 7th, 2016

Oil prices bounce after OPEC reaffirms plan to cut output

Oil prices rose by over 1 percent on Monday, pushed up by a statement from the producers’ club OPEC that it was committed to a deal made in September to cut output in order to prop up the market. ›

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  • November 4th, 2016

UK Gas: NBP spot deflates amid dramatic length

NBP spot deflated Friday morning as higher Norwegian deliveries and imports from the continent pushed the system deep into oversupply, leaving the market seemingly comfortable with the colder-than-average weather that the weekend and the start of next week have in store for European gas markets. ›

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  • November 4th, 2016

French power ‘most likely’ to hit Eur3,000/MWh this winter

French power prices hitting the Eur3,000/MWh maximum price cap this season has become “almost a certainty” amid the current environment of low nuclear availability as France braces itself for imports from more expensive neighbours such as the UK, Nicolaj Janss Lafond, senior cross-border trader at Engie, told the audience at the Emart conference in Amsterdam Friday. ›

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  • November 4th, 2016

Oil prices steady after 5 days of declines, but sentiment bearish

Oil prices edged up on Friday, stabilizing after five straight days of falls, although a surge in U.S. crude inventories and doubts over the ability of producers to coordinate output cuts continued to keep a lid on the market.

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  • November 3rd, 2016

Energy Services (Business Power) Ltd – November 2016 Energy Newsletter

Electricity & Gas prices continued their climb in October as problems with French nuclear output filtered through to the rest of Europe. ›

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  • November 3rd, 2016

EDF postpones restart of its Bugey 4 and Gravelines 2 reactors

French utility EDF has postponed restarting its 900 megawatt/hour Bugey 4 and Gravelines 2 nuclear reactors to Dec. 31 from Nov. 30, French grid operator RTE said on its website on Thursday ›

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  • November 3rd, 2016

Oil prices rise on Nigeria pipeline attack, weaker dollar

Crude oil futures rose on Thursday as an attack on a Nigerian oil pipeline and a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows.

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  • November 2nd, 2016

UK GAS-Prompt gains as cold snap drives up heating demand

British wholesale prompt gas prices rose on Wednesday as cold weather lifted heating demand and as domestic gas terminals pumped less North Sea gas than previously expected.

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  • November 2nd, 2016

Scottish Power warns over survival of Scotland’s onshore wind

One of Scotland’s biggest energy providers has warned onshore wind development will come to a standstill if the UK government does not offer an urgent commitment to its future.
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