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Industry News from Energy Services

  • December 14th, 2018

Oil falls on China economic data, output cuts support

Oil prices slipped on Friday after China reported slower economic growth, pointing to lower fuel demand in the world’s biggest oil importer, although market sentiment was supported by supply cuts agreed last week by major crude producers.

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  • December 13th, 2018

UK GAS-Prices rise as cold snap bites

British wholesale gas prices rose on Thursday as colder than expected temperatures lifted demand for gas for heating.

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  • December 13th, 2018

Oil prices steady as Sino-U.S. trade tensions ease

Oil prices steadied on Thursday, under pressure from high inventories but buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and China may be easing.

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  • December 12th, 2018

EUROPE POWER-Spot down as more wind supply returns

Day-ahead power prices in the European wholesale market dropped on Wednesday as German wind turbines were forecast to double output, set to meet rising demand as temperatures fast approach freezing.

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  • December 12th, 2018

UK GAS-Prices rise as temperatures dip, heating demand increases

British wholesale gas prices edged higher on Wednesday as temperature forecasts were cut leading to rising demand expectations although volumes of supplies were robust.

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  • December 12th, 2018

Oil prices climb on OPEC-led supply cuts, Asian stock rally

Oil prices rose by around 1 percent on Wednesday amid a stock market rebound and on expectations that an OPEC-led output cut for 2019 would stabilize the supply-demand balance.

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  • December 11th, 2018

EUROPE POWER-Prompt prices jump on cold weather, less wind

Day-ahead power prices in the European wholesale market leapt higher on Tuesday on the anticipation of colder weather and falling German wind power production.

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  • December 11th, 2018

UK GAS-Day-ahead prices edge higher as temperatures dip

British wholesale gas for day-ahead delivery edged higher on Tuesday morning as cooler forecasts raised demand for gas for heating. ›

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  • December 11th, 2018

Oil prices under pressure amid global market unease, but Libyan disruption supports

Oil prices were under pressure on Tuesday amid worries over global stock markets and doubts that planned output cuts led by producer club OPEC will be enough to rein in oversupply. ›

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  • December 10th, 2018

UK GAS-Prompt rebounds on temperature forecast drops

British gas for within-day delivery rose on Monday from a multi-month low closing price as weather watchers cut the day’s temperature forecast and an outage trimmed supplies. ›

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