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Industry News from Energy Services

  • November 6th, 2017

UK GAS-Prices rise on higher demand

British wholesale gas prices rose on Monday morning due to higher consumption. ›

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  • November 6th, 2017

Oil hits highest levels since 2015 amid tightening markets, Saudi purge

Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high-profile arrests. ›

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  • November 3rd, 2017

EUROPE POWER-Cold snap forecast lifts French power prices for early next week

European spot electricity prices for early next week delivery surged on Friday on the back of forecasts showing a sharp fall in temperatures next week which will support power demand particularly in France. ›

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  • November 3rd, 2017

As China faces winter gas crunch, LNG prices soar

China is hoovering up liquefied natural gas (LNG) cargoes worldwide, pushing spot prices for the fuel above those for oil-indexed cargoes, as energy providers scramble to avoid a looming winter supply crunch. ›

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  • November 3rd, 2017

UK GAS-Prices mostly lower on oversupply

British wholesale gas prices were mostly lower on Friday morning due to oversupply. ›

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  • November 3rd, 2017

Oil firm on ongoing supply cuts, but analysts warn OPEC must stay the course

Oil markets were firm on Friday, supported by OPEC-led supply cuts which are tightening the market as well as by strong demand, but analysts cautioned that the cuts would need to be extended to counter rising U.S. output. ›

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  • November 2nd, 2017

UK GAS-Within-day price up on high demand, day-ahead down on warmer weather

Prompt British wholesale gas prices were mixed on Thursday. High flows from Norway, nearly at maximum capacity, and expectations for warmer weather drove the day-ahead lower, while weak wind output and high demand raised the within-day price, traders said. ›

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  • November 2nd, 2017

Oil steady on OPEC-led supply cuts, tight U.S. market

Oil prices steadied on Thursday as supply cuts by OPEC and other major exporters tightened the market despite higher production in the United States. ›

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  • November 1st, 2017

UK GAS-Within-day price down on oversupply, day-ahead up on weaker wind

Prompt British wholesale gas prices were mixed on Wednesday, as an oversupplied system drove the within-day price lower, and expected lower wind output for Thursday boosted the day-ahead contract, traders said. ›

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  • November 1st, 2017

Oil prices surge as OPEC’s compliance with cuts improves

Oil prices rose to near recent highs on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also seen keeping to the deal. ›

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