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Industry News from Energy Services

  • February 8th, 2019

UK GAS-Prices fall as storm Erik boosts wind power output

British wholesale gas prices fell on Friday morning as high wind speeds from storm Erik increased output from the country’s wind farms, curbing demand for gas. ›

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  • February 8th, 2019

Oil heads for weekly loss as slowdown worries outweigh supply cuts

Oil markets inched down on Friday and were heading for a weekly loss, pulled down by worries about a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Venezuela provided crude with some support. ›

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  • February 7th, 2019

EUROPE POWER-Spot prices ease as wind supply set to rise again

European power prices for day-ahead delivery fell further on Thursday as supply from wind turbines was forecast to rise again, while relatively mild temperatures were expected to add to an end-of-week easing in demand. ›

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  • February 7th, 2019

UK GAS-Prices rise as temperatures turn colder than expected

British wholesale gas prices edged higher on Thursday as colder weather than originally forecast led to a slightly under supplied system. ›

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  • February 7th, 2019

Oil prices drop on rising US crude supply, but OPEC cuts support

Oil prices fell on Thursday after U.S. crude inventories rose and the country’s production held at record levels, but OPEC-led supply cuts and Washington’s sanctions against Venezuela supported markets. ›

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  • February 6th, 2019

Oil ticks higher, market eyes U.S. State of the Union address

Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.

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  • February 5th, 2019

EUROPE POWER-Year-ahead prices slip as they track fall in fuels and carbon

European baseload power prices for next year delivery slipped in the wholesale market on Monday tracking a fall in coal, gas and carbon emission prices, while day-ahead contracts diverged.

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  • February 5th, 2019

Oil edges up as market eyes tighter supply

Oil prices edged up on Tuesday, buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC.

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  • February 5th, 2019

UK GAS-Prompt prices trade sideways on healthy supply, reduced demand

Prompt British wholesale gas prices traded sideways on Tuesday morning as the system was almost balanced and heating demand declined.

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  • February 4th, 2019

UK GAS-Day-ahead gains on forecast for colder weather

The British wholesale gas price for day-ahead delivery rose on Monday morning due to colder temperatures expected on Tuesday, while other contracts traded below Friday’s close. ›

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