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Industry News from Energy Services

  • July 8th, 2019

Oil prices edge up; gains capped as investors eye global risks

Crude prices edged higher on Monday, supported by last week’s better-than-expected U.S. jobs data and geopolitical risks, but worries that a slower global economy will curb appetite for oil kept a lid on prices.

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  • July 5th, 2019

EUROPE POWER-Prompt for Monday mixed, demand falling, some supply tight

European wholesale power prices for Monday were mixed in the Friday session of the over-the-counter market amid tight supply and falling demand projections.

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  • July 5th, 2019

UK GAS-Prices fall as Troll field increases production

British wholesale gas prices fell on Friday as increased supplies from Norway, following increased output from the Troll field which has been undergoing annual maintenance, led to an oversupplied market.

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  • July 5th, 2019

Crude oil prices fall 1% on fears for global economy

Crude oil prices fell on Friday as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher.

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  • July 4th, 2019

EUROPE POWER-Prompt up on tighter renewable, nuclear supply

European prompt power prices rose in the wholesale market on Thursday on tighter supply in the region which overrode the effects of lower demand ahead of the weekend and beyond.

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  • July 4th, 2019

UK GAS-Prompt prices decline as some outages end, higher wind output

Prompt British wholesale gas prices were lower on Thursday morning due to higher wind generation and as some Norwegian outages ended. ›

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  • July 4th, 2019

Oil prices fall amid signs of slowing US demand, economic concerns

Oil prices fell more than 0.5% on Thursday, weighed down by data showing a smaller-than-expected decline in U.S. crude stockpiles and worries about the global economy. ›

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  • July 3rd, 2019

UK GAS-Prices rise on undersupply, Norwegian outages

British wholesale gas prices rose on Wednesday morning, lifted by undersupply as several outages in Norway curbed exports from the country.

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  • July 3rd, 2019

Oil prices steady amid U.S. stockpile drop, OPEC supply cut extension

Oil prices were steady on Wednesday after a steep fall in the previous session, supported by extended output cuts by OPEC and its allies despite concerns that a slowing global economy could crimp demand.

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  • July 2nd, 2019

UK GAS-Prices gain on new Norwegian supply outage, low wind

British gas prices rallied on Tuesday, extending the previous session’s gains as more unplanned outages affected Norwegian production.

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