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Industry News from Energy Services

  • June 19th, 2017

Oil prices dip on further rise in U.S. drilling, demand slowdown

Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market. ›

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  • June 16th, 2017

UK GAS-Prompt prices rally after losing 40 percent this week

British prompt gas prices rose 18 percent on Friday due to supply shortfalls, ending a streak of losses this week as a heatwave cut demand and pipeline maintenance left the market with nowhere to send excess gas. ›

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  • June 16th, 2017

Oil edges up but remains near half-year lows as supply overhang weighs

Oil prices edged up on Friday but remained near six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets. ›

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  • June 15th, 2017

EUROPE POWER-Spot power slips on weak demand, increased renewables

French spot electricity price for day-ahead delivery fell on Thursday due to weak demand and a slight increase in power generation from renewable wind and solar power sources. ›

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  • June 15th, 2017

UK gas prompt prices fall on oversupply, high wind output and expected LNG

British prompt gas prices fell on Thursday due to an oversupplied system, stronger wind output and expectations of a new liquefied natural gas (LNG) arrival on Sunday, traders said. ›

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  • June 15th, 2017

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices hovered near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC’s ability to implement production cuts. ›

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  • June 14th, 2017

UK prompt power prices continue to fall on strong renewables, bearish NBP

Wholesale UK power prices fell for the second consecutive day on Wednesday as weakening gas prices and higher wind and solar expectations weighed on the prompt contracts. ›

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  • June 14th, 2017

UK GAS-Within-day price falls as pipeline shuts, weather curbs demand

The within-day British wholesale gas price fell on Wednesday morning, as warm weather curbed demand and the closure of a major gas pipeline with mainland Europe cut off an export route for surplus gas. ›

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  • June 14th, 2017

Oil prices fall as OPEC output, U.S. crude stockpiles rise

Oil prices fell on Wednesday after industry data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite a pledge to cut output. ›

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  • June 13th, 2017

UK GAS-Day-ahead gas plunges as key pipeline link to shut

Prompt gas prices in Britain fell sharply on Tuesday as a major gas pipeline with mainland Europe prepared to shut, trapping surplus gas in the UK until June 29. ›

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