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Industry News from Energy Services

  • April 24th, 2017

UK gas cold snap and lower Norwegian flows lift prices

British wholesale gas prices rose on Monday as colder temperatures lifted heating demand, exports to Europe remained high and imports from Britain’s main supplier Norway fell. ›

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  • April 24th, 2017

Oil recovers lost ground but market remains under pressure

Oil prices recovered lost ground on Monday following big losses last week, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. ›

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  • April 21st, 2017

UK gas day-ahead prices firmer on cooler weather forecasts

British wholesale day-ahead gas prices edged higher on Friday morning, on expectations of cooler temperatures next week. ›

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  • April 21st, 2017

Oil dips, on course for biggest weekly drop in a month

Oil prices edged lower on Friday, on course for the biggest weekly drop in a month, over doubts that an OPEC-led production cut will restore balance to an oversupplied market. ›

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  • April 20th, 2017

UK gas prompt prices mixed as weather set to turn colder next week

Prompt British wholesale gas prices were mixed on Thursday, with colder weather forecasts for next week supporting the day-ahead contract but within-day gas down on lower demand. ›

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  • April 20th, 2017

EUROPE POWER-Spot slips on increased wind output, demand decline

European electricity prices for day-ahead delivery fell on Thursday on a forecast increase in power production from wind, and a decline in consumption before the weekend. ›

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  • April 20th, 2017

Oil prices claw back losses, but oversupply still weighs

Oil prices regained some ground on Thursday after steep losses the previous day, as Kuwait said it expected an OPEC-led effort to cut supplies would be extended beyond the middle of the year. ›

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  • April 19th, 2017

UK Gas prompt prices edge higher on slight undersupply

Prompt British wholesale gas prices edged higher on Wednesday in a slightly undersupplied system. ›

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  • April 19th, 2017

Oil stable as OPEC says it is committed to rebalance markets

Oil prices were stable on Wednesday as OPEC said it was committed to draw down a global supply overhang that has dogged markets since 2014, although bloated U.S. output and inventories still weighed on crude. ›

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  • April 18th, 2017

UK POWER: Prompt posts slight drop on healthy supplies

Prices of baseload and peakload power for day-ahead delivery in the UK were nearly at parity on Tuesday, largely unchanged from Thursday’s close, as steady plant availabilities and higher solar forecast offset a decline in wind supplies. ›

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