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Industry News from Energy Services

  • July 27th, 2017

Oil Holds Advance Above $48 as Stockpiles Drop to Six-Month Low

Oil held gains above $48 a barrel as government data showed U.S. crude stockpiles shrank to the lowest level since the start of the year, easing a global glut. ›

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  • July 26th, 2017

UK GAS-Within-day price rises as maintenance curbs supply

British wholesale gas prices rose on Wednesday morning as maintenance curbed imports from Norway and domestic supplies of gas, leaving the British gas system undersupplied. ›

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  • July 26th, 2017

EUROPE POWER-More thermal supply offsets lower wind power forecasts

European spot electricity prices were narrowly mixed on Wednesday with Germany’s flat and France’s down amid signs that thermal supply will more than cancel out lower wind power. ›

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  • July 26th, 2017

Oil prices firm on optimism over declining stocks

Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. ›

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  • July 25th, 2017

European power prices: Rising solar output further eases French, German spot

The French and German contract for day-ahead delivery fell on higher solar, firmer wind output and rising nuclear availability in Germany. ›

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  • July 25th, 2017

UK GAS-Prices dip ahead of end to Norwegian maintenance

British gas prices fell on Tuesday as traders expected deliveries from main supplier Norway to rebound as maintenance work at the Kollsnes gas processing facility wraps up. ›

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  • July 25th, 2017

Oil Extends Advance Toward $47 as Saudis Pledge Deep Export Cuts

Oil extended gains toward $47 a barrel as Saudi Arabia promised deep cuts to crude exports next month to help ease a global glut. ›

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  • July 24th, 2017

UK GAS-Prices decline on higher Norwegian flows

British wholesale gas prices declined on Monday morning as Norwegian flows increased. ›

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  • July 24th, 2017

Oil Trades Near $46 Before OPEC Committee Meets on Output Cuts

Oil traded near $46 a barrel before an OPEC committee meets to discuss the progress of supply cuts enacted to drain a global glut. ›

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  • July 21st, 2017

UK GAS-Supply shortfalls and outages lift prices

British wholesale gas prices were mostly higher on Friday thanks to supply shortfalls as power plants burned more gas and as the onset of field maintenance kept a lid on output. ›

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