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Industry News from Energy Services

  • March 9th, 2018

EUROPE POWER-Nearby prices weaken, week starting March 19 up

European wholesale electricity prices for Monday delivery weakened on Friday as milder weather patterns were approaching but power delivery in week 2, starting on March 19, gained sharply. ›

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  • March 9th, 2018

UK GAS-Prices rise on low storage, late March’s colder weather forecast

Prices for British wholesale gas rose on Friday, despite milder weather expected in the coming days, driven by forecasts that temperatures will be lower than expected later in March and as storage levels were low following last week’s unusually high demand, traders said. ›

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  • March 9th, 2018

Oil edges up as U.S. President Trump set to meet North Korea’s Kim

Crude oil futures rose on Friday as Asian stock markets gained on news that North Korean leader Kim Jong Un will meet with U.S. President Donald Trump. ›

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  • March 9th, 2018

Energy Services (Business Power) Ltd – March 2018 Energy Newsletter

February brought the ‘Beast from the East’ ad as a result the within-day and day-ahead markets saw large increases.

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  • March 8th, 2018

UK GAS-Spot price pressured by storage flows, oversupply

British spot gas prices fell on Thursday as strong output from mid-range storage sites contributed to an oversupplied system. ›

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  • March 8th, 2018

EUROPE POWER-German spot power lifted by drop in wind generation

European spot electricity prices for day-ahead delivery diverged on Thursday as the German contract rose on a forecast drop in windpower generation, with gains capped by an expected fall in consumption, while French prices eased. ›

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  • March 8th, 2018

Oil steadies after big fall, but soaring U.S. crude output still weighs

Oil prices steadied on Thursday, supported by healthy demand, after falling the previous day under pressure from record U.S. crude production and rising inventories. ›

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  • March 7th, 2018

EUROPE POWER-Forecasts for increased wind weighs on spot power prices

European spot electricity prices for day ahead delivery plunged on Wednesday on the back of forecasts for a sharp rise in electricity production from wind turbines and a decline in consumption. ›

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  • March 7th, 2018

UK GAS-Prices slip as supplies recover, cold snap ends

Prices for British wholesale gas slipped on Wednesday as supplies recovered after last week’s minor outages which coincided with freezing temperatures, stretching flows to the market. ›

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  • March 7th, 2018

Oil caught in broader market downdraught as concern grows over U.S. trade

Oil fell on Wednesday, in line with a broad decline on global financial markets, after a key advocate for free trade in the U.S. government resigned, feeding concern that Washington will go ahead with import tariffs and risk a trade war. ›

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