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Industry News from Energy Services

  • November 15th, 2017

Oil prices slide after IEA casts doubt over demand outlook

Oil prices fell by 1 percent on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past few months’ narrative of tightening fuel markets. ›

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  • November 14th, 2017

UK GAS-UK gas prices fall on warmer weather, strong flows from Norway

British wholesale gas prices fell on Tuesday morning after temperatures were expected to rise following a short cold spell, reducing gas demand for heating. ›

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  • November 14th, 2017

Oil prices fall as rising U.S. shale output undermines OPEC’s supply cuts

Oil prices fell on Tuesday as the prospect of further rises in U.S. output undermined ongoing OPEC-led production cuts aimed at tightening the market. ›

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  • November 13th, 2017

EUROPE POWER-Day-ahead lower but prices for later in week up on more demand

European wholesale power prices showed a mixed picture with the day-ahead below what was paid for Monday as wind power production increased, while prices for delivery later this week gained strongly on colder weather bringing rising demand. ›

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  • November 13th, 2017

UK GAS-Within-day price rises as cool weather boosts demand

The British wholesale gas price for within-day delivery rose on Monday morning as cooler temperatures boosted demand. ›

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  • November 13th, 2017

Oil markets cautious on Middle East tensions, increased US drilling

Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count in the United States suggested producers there are preparing to increase output. ›

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  • November 10th, 2017

UK GAS-Prices down due to oversupply

British wholesale gas prices declined on Friday morning due to oversupply. ›

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  • November 10th, 2017

Oil markets stable as markets tighten, but analysts expect volatility ahead

Oil markets were slightly down but stable on Friday, supported by ongoing supply cuts and strong demand which have resulted in a tightening market, although the prospect of rising U.S. output capped prices. ›

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  • November 10th, 2017

French power prices jump for early next week as weather turns colder

The arrival of cold winter weather on Friday boosted French prompt power prices in the European wholesale market as it lifted demand for electric heating in the nuclear-reliant country, where a number of reactors have recently lengthened outage periods. ›

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  • November 9th, 2017

UK GAS-Cooler weather forecast lifts prompt prices

British wholesale gas prices rose on Thursday on a colder weather forecast over the next 15 days and higher exports to Belgium, tightening supply outlooks. ›

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