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Industry News from Energy Services

  • October 11th, 2017

UK natural gas: Spot mixed on Norwegian maintenance, curve bullish

NBP spot contracts were mixed Wednesday mid-morning, with day- ahead trading lower on higher supply expectations due to increased Norwegian flows, with Kollsnes maintenance ending Thursday early morning, and within-day marginally higher supported by heavy MRS withdrawals. ›

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  • October 11th, 2017

Analysts raise EU carbon price forecasts on expectations of market reform – survey

Analysts have raised their forecasts for European carbon prices in the bloc’s Emission Trading System (ETS) to 2019 on expectations that plans to reform the market will significantly curb oversupply. ›

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  • October 11th, 2017

UK GAS-Prompt prices fall on warm weather and high wind levels

British prompt gas prices fell on Wednesday as forecasts for warm weather and strong wind, supported by easing gas demand, led to an oversupplied system, traders said. ›

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  • October 11th, 2017

French 2018 power hits record high on nuclear concern, strong fuel prices

French power delivery for 2018 hit a record high of 43.3 euros ($51.21) a megawatt hour (MWh) on Wednesday, up 1.9 percent on the day, driven by concern about prospective supply from French nuclear reactors. ›

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  • October 11th, 2017

Oil rises on signs of tighter market, but 2018 looks more uncertain

Oil prices edged up on Wednesday, rising for a third day on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained less certain. ›

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  • October 10th, 2017

UK GAS-Prices fall in heavily oversupplied market

British wholesale gas prices fell on Tuesday morning as brisk withdrawals from underground storage sites and a halt in exports to Belgium left the system heavily oversupplied. ›

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  • October 10th, 2017

Oil prices stable as OPEC says market is rebalancing

Oil prices were steady on Tuesday as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate. ›

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  • October 9th, 2017

UK GAS-Prices rise on lower Norwegian supply

British wholesale gas prices rose on Monday morning due to a decline in flows from Norway. ›

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  • October 9th, 2017

Oil up on expectation of Saudi production restraint, lower US rig count

Oil prices edged up on Monday, after a 2 percent slide on Friday, on expectations that Saudi Arabia would continue to restrain its output in order to support prices, and as the amount of rigs drilling for new oil in the United States dipped. ›

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  • October 6th, 2017

UK GAS-Prices fall due to oversupply, lower demand

British wholesale gas prices fell on Friday as increased flows from Norway created an oversupplied system and demand declined. ›

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