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Industry News from Energy Services

  • September 12th, 2017

EUROPE POWER-Strong wind power rise cuts prompt prices

European prompt power prices traded sharply down in the wholesale market on Tuesday on forecasts for strong wind power supplies and flat demand. ›

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  • September 12th, 2017

Oil Holds Gains Near $48 as Irma Weakens While Refining Rebounds

Oil held gains near $48 a barrel as Hurricane Irma weakened further after moving inland and as Gulf Coast refining continued to recover following two strikes from Harvey. ›

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  • September 11th, 2017

UK GAS-Prompt prices edge up as Norway supplies slip

Prompt gas prices were flat to higher on Monday despite a slight oversupply in the market and high wind generation, as Norwegian gas along the FLAG pipeline system dwindled. ›

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  • September 11th, 2017

EUROPE POWER-German Cal ’18 contract pares gains after setting new 3 1/2 yr-high

German power for delivery next year pared gains on Monday, having earlier reached a 3-1/2-year high prompted by firmer coal and oil prices, and carbon emissions prices setting a new 20-month high. ›

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  • September 11th, 2017

Oil edges up as Saudis discuss extending supply cut

Oil prices edged up on Monday after the Saudi oil minister discussed possibly extending a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts. ›

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  • September 8th, 2017

GLOBAL LNG-Prices rise to 6-month high on pre-winter demand

Asian spot LNG prices rose to their highest since mid-February this week, buoyed by rising demand from traders and as buyers begin to positions themselves for upcoming winter demand. ›

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  • September 8th, 2017

UK GAS-Prompt prices rise on undersupply, cold weather

Prompt gas prices rose on Friday despite higher flows from Norway as low temperatures bolstered demand. ›

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  • September 8th, 2017

Oil Set for First Weekly Gain Since July as U.S. Refiners Return

Oil headed for the first weekly gain since July as Gulf Coast refiners ramp up crude processing after disruptions from Hurricane Harvey. ›

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  • September 7th, 2017

UK GAS-Prompt prices mostly rise on tighter supply outlook

British wholesale gas prices mostly rose on Thursday ahead of domestic field and Russian pipeline maintenance which is expected to tighten supply. ›

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  • September 7th, 2017

Oil Trades Near Four-Week High as Refining Returns After Harvey

Oil traded near a four-week high as U.S. refiners returned from shut downs caused by Hurricane Harvey, boosting demand for crude. ›

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