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Industry News from Energy Services

  • June 8th, 2018

UK GAS-Prices mixed on lower Norway flows, weak wind

British wholesale gas prices were mixed on Friday morning with low Norwegian flows and weak wind power output boosting the within-day contract, while forecasts for higher temperatures caused a slight drop in the day-ahead contact ›

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  • June 8th, 2018

Oil prices fall on dip in China demand, surging U.S. output

Oil prices fell on Friday, reversing early gains as signs of weakening demand in China and surging U.S. output weighed on markets despite support from supply woes in Venezuela and OPEC’s production cuts. ›

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  • June 7th, 2018

UK GAS-Prompt edges lower as domestic production increases

British prompt gas prices declined on Thursday morning as some gas terminals started to ramp up after outages and amid low demand. ›

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  • June 7th, 2018

Oil prices rise on Venezuelan supply troubles, but U.S. output surges

Oil prices on Thursday rose on the back of plunging exports by OPEC-member Venezuela, recovering some ground lost in the previous session, although another surge in U.S. production still weighed on markets, traders said. ›

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  • June 6th, 2018

UK day-ahead power prices edge down on low demand, NBP natural gas

UK day-ahead power prices edged lower Wednesday on warm weather and underlying NBP natural gas prices also falling day on day. ›

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  • June 6th, 2018

UK GAS-Prices mixed amid lower Norwegian flows, output dips

British prompt gas prices dipped on Wednesday ahead of the return of gas fields undergoing outages, while forward contracts were supported by crude oil gains. ›

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  • June 6th, 2018

Oil prices rise on Venezuela export concerns

Oil prices rose on Wednesday after Venezuela raised the prospect of a halt to some crude exports, but gains were capped by reports that the U.S. government had asked Saudi Arabia and some other OPEC producers to increase output. ›

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  • June 5th, 2018

European spot power prices surge on tight supply, curve gains

European spot prices firmed Tuesday morning, supported by tight supply, accumulating outages and low renewables supply, traders said. ›

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  • June 5th, 2018

Oil edges higher on bargain hunting, US stocks outlook

Crude oil futures were higher during mid-afternoon trade in Asia Tuesday on bargain hunting after an overnight price fall and expectations of a continuing drawdown in crude inventories in the US. ›

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  • June 5th, 2018

UK GAS-Prices mostly higher ahead of outages and lower temperatures

British wholesale gas prices were mostly higher on Tuesday morning as temperatures fell and ahead of several planned outages. ›

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