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Industry News from Energy Services

  • July 13th, 2018

Oil futures edge lower, set for big weekly declines, on oversupply concerns

Oil prices fell on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness in spare capacity. ›

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  • July 12th, 2018

EUROPE POWER-Spot prices fall on weaker demand, rising solar supply

European wholesale spot electricity prices fell on Thursday in response to the prospect of weaker demand and more solar supply even though wind power supply is tightening. ›

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  • July 12th, 2018

UK GAS-Prices fall amid domestic output boost, oversupply

British wholesale gas prices fell on Thursday as higher domestic output and slightly lower projected demand left the system oversupplied. ›

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  • July 12th, 2018

Oil rallies as IEA warns of output capacity limits

Oil prices rallied on Thursday, recouping some ground following sharp losses the previous session after Libya said it would resume oil exports. ›

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  • July 11th, 2018

EUROPE POWER-Day-ahead prices ease on more solar, flat demand

European prompt power prices fell on Wednesday amid pressure from rising solar production and with consumption unchanged, while week-ahead prices gained due to a sustained downturn in wind power. ›

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  • July 11th, 2018

Oil falls on trade fears after Trump tariff threat

Oil prices fell on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China, deepening a trade dispute that could depress energy demand.

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  • July 11th, 2018

UK GAS-Prices slide on healthy flows, low demand

British wholesale gas prices fell on Wednesday in an oversupplied market with healthy Norwegian and domestic flows and low demand as temperate weather conditions continue.

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  • July 10th, 2018

UK GAS-Prices rise on lower Norwegian flows, low wind output

British wholesale gas prices mostly rose on Tuesday morning due to reduced flows from Norway and low wind output. ›

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  • July 10th, 2018

Oil prices rise as looming Norway strike adds to disruptions

Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. ›

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  • July 9th, 2018

EUROPE POWER-Curve contracts post highs with carbon, coal, Brent

Europe’s power forward contracts set new contract records in the wholesale market on Monday, driven by higher carbon emissions rights, coal and Brent crude prices, while a bullish spot market also lent support. ›

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