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Industry News from Energy Services

  • January 12th, 2018

Oil slips away from 2014 highs, though overall 2018 outlook remains firm

Oil prices on Friday slipped away from December-2014 highs reached the previous day. ›

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  • January 11th, 2018

EUROPE POWER-Prompt prices fall on weather but remaining winter prices rise

European OTC day-ahead power sagged on Thursday on predictions for warmer weather and more wind supply near term, but most positions further ahead posted gains. ›

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  • January 11th, 2018

UK GAS-Prices rise on Groningen cut, colder weather forecast

British wholesale gas prices rose on Thursday morning following a proposal to cut output at Dutch gas field Groningen and on expectations of colder temperatures. ›

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  • January 11th, 2018

Oil dips away from three-year highs on signs of overheated market

Oil dipped away from three-year highs on Thursday on signs that a 13-percent rally since early December may have run its course, although a surprise drop in U.S. production and lower crude inventories offered prices some support. ›

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  • January 10th, 2018

UK GAS-Prices rise on Groningen field output reduction news

British wholesale gas prices rose on Wednesday afternoon, shortly after Dutch gas firm NAM suggested reducing production at the Groningen gas field in the wake of Monday’s earthquake. ›

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  • January 10th, 2018

EUROPE POWER-Cold snap forecast lifts demand, day-ahead power prices

European prompt power prices for next day delivery rose on Wednesday buoyed by an expected rise in consumption due to cold weather, amid a slump in wind and solar power generation. ›

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  • January 10th, 2018

UK GAS-Prices mostly down on mild weather, strong Norwegian flows

British wholesale gas prices were mostly lower on Wednesday as milder weather and strong Norway flows curbed demand. ›

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  • January 10th, 2018

U.S. oil prices hit highest since 2014, but analysts warn of overheated market

U.S. oil prices hit their highest since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned that markets may be overheating. ›

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  • January 9th, 2018

EUROPE POWER-German spot power price soars as wind generation falls

European spot electricity prices for day-ahead delivery diverged on Tuesday as forecasts for a sharp fall in wind power generation lifted the German contract, while increased nuclear power supply and lower consumption weighed in France ›

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  • January 9th, 2018

UK GAS-Prices mostly rise on milder temperatures, Groningen supply fears

British wholesale gas prices mostly rose on Tuesday morning as forecasts for milder temperatures boosted demand and on concerns that production could be further cut from the Netherlands’ Groningen gas fields. ›

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