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Industry News from Energy Services

  • January 4th, 2018

Oil at highest since mid-2015 amid Iran tensions, tighter market

Oil prices on Thursday hit their highest in more than two and a half years, touching levels not seen since before a slump in commodity markets in 2014/15, boosted by tensions in key producer Iran and by ongoing OPEC-led output cuts. ›

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  • January 3rd, 2018

EUROPE POWER-Day-ahead prices firm as strong wind supply seen receding

European spot power prices rose sharply on Wednesday amid winter gales that were forecast to decline by Thursday, while forwards power prices stabilised after a weaker start. ›

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  • January 3rd, 2018

UK GAS-Within-day price falls on milder temperatures, strong wind

The British wholesale gas price for immediate delivery fell on Wednesday morning as milder temperatures and high output from the country’s wind farms curbed demand for gas. ›

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  • January 3rd, 2018

Oil dips away from mid-2015 highs as higher output looms

Oil prices on Wednesday dipped away from the mid-2015 highs reached the previous session as high output in the United States and also Russia undermined ongoing efforts led by OPEC to tighten the market. ›

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  • January 2nd, 2018

UK GAS-Prompt prices mostly buoyant amid cold spell forecast

British wholesale prompt gas prices mostly rose on Tuesday in anticipation of colder temperatures lifting demand later in the week. ›

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  • January 2nd, 2018

EUROPE POWER-Next week positions gain, nearby buckles under supply pressure

European week-ahead power prices rose sharply on Tuesday, boosted by forecasts for colder weather, but nearby delivery prices fell under pressure from huge wind power production in Germany. ›

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  • January 2nd, 2018

Oil posts strongest year opening since 2014; Iran unrest pushes up crude

Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. ›

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