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Industry News from Energy Services

  • December 7th, 2017

EUROPE POWER-Wind power dip lifts German day-ahead, market generally sold down

German day-ahead power prices were boosted on Thursday by forecasts for falling wind power output from high levels this week but the contract proved to be the exception in a generally falling market. ›

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  • December 7th, 2017

UK GAS-Increased demand lifts prompt prices before cold snap

British wholesale prompt gas prices rose on Thursday morning on expectations of a cold snap which has increased consumption forecasts. ›

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  • December 7th, 2017

Oil prices stable as lower crude stocks counter soaring US output

Oil prices were stable on Thursday as a fall in U.S. crude inventories was countered by soaring output and a rise in fuel stocks. ›

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  • December 6th, 2017

EUROPE POWER-Wind power surge weighs on prompt prices

High wind power production in Germany, Europe’s most central and best-connected market, curbed wholesale spot prices on Wednesday while those for next week, although down on the day, remained relatively high in a reflection of colder weather forecasts. ›

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  • December 6th, 2017

UK GAS-Prices down on milder temperatures, strong Norwegian flows

British wholesale gas prices fell on Wednesday due to high Norwegian flows which created an oversupplied system and short-term forecasts for milder weather and strong wind output. ›

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  • December 6th, 2017

Oil dips on rising U.S. fuel stocks, but OPEC’s supply cuts support market

Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand. ›

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  • December 5th, 2017

EUROPE POWER-Tricastin reactor news curbs weeks-ahead prices, prompt mixed

French electricity prices for the coming weeks fell on Tuesday after reports the ASN regulatory authority approved restarts of all four Tricastin nuclear reactor blocks before the end of 2017, calming previous supply concerns for the near future. ›

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  • December 5th, 2017

UK GAS-Prompt supported by tight supply, unplanned outage

British gas prices rose on Tuesday morning as an unplanned outage curbed flows into Perenco’s Bacton terminal in southeast England. ›

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  • December 5th, 2017

Oil prices fall ahead of U.S. crude stocks data

Oil prices fell on Tuesday ahead of U.S. crude inventories data, as the market weighed the impact of rising U.S. crude output versus last week’s deal between OPEC and other crude producers to extend output curbs. ›

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  • December 4th, 2017

EU Power – Spot mixed on wind supply, cold demand; coal supports 2018 prices

European spot electricity prices were mixed on Monday, as the market factored in higher wind power supply and extra cold weather demand, while stronger coal prices supported year-ahead power including a contract high in France. ›

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