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Industry News from Energy Services

  • March 11th, 2016

Oil Heads for Fourth Weekly Gain as U.S. Fuel Demand Strengthens

Oil headed for the longest run of weekly gains since May amid signs of rising U.S. fuel demand and easing crude production. ›

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  • March 11th, 2016

UK GAS-Prompt slips on oversupply, stronger oil buoys curve

British gas for immediate delivery fell on Friday due to an oversupplied system while curve prices were buoyed by higher oil. ›

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  • March 10th, 2016

UK GAS-Prices ease on milder weather, expected ramp up of Bacton Seal

British spot gas prices eased on Thursday on expectations for lower demand thanks to rising temperatures and a ramp up of the Bacton Seal terminal. Those factors offset intra-day tightness caused by low flows from the UK continental shelf and LNG terminals. ›

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  • March 10th, 2016

Oil prices dip as global oversupply outweighs strong demand

Oil prices dipped on Thursday after U.S. crude hit 2016 highs the day before and Brent shot back over $40 per barrel, with analysts warning that larger gains would be unwarranted as a global glut continues to outweigh strong demand. ›

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  • March 9th, 2016

UK Prompt Power Prices Rebound As Wind Supply Tapers Off

Prompt power prices in the UK market bounced back Wednesday on tightening surplus margins following forecasts for less than 1 GW of wind power generation and lower nuclear availability, amid stable demand. ›

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  • March 9th, 2016

UK Spot Gas Prices Fall As Demand Eases

Spot gas prices on the UK’s NBP are lower Wednesday morning than at Tuesday’s close and demand has eased. ›

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  • March 9th, 2016

UK Gas – Prompt prices slip on mild weather, high wind power output

British spot gas prices fell on Wednesday as mild weather and forecasts for high wind power output curbed demand. ›

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  • March 9th, 2016

Oil prices rise as defaults expected to cut supplies

Brent crude prices rose to nearly $40 per barrel on Wednesday as traders expected defaults to trigger a drop in production, but analysts warned it would take time for the global glut to shrink as energy demand slows. ›

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  • March 8th, 2016

UK Gas – Prices edge up as maintenance caps flows, Dutch cut exports

British spot gas prices rose on Tuesday morning as supplies tightened due to maintenance limiting domestic output, a slightly colder weather outlook and lower imports from the Netherlands. ›

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  • March 8th, 2016

Brent Halts Gain Near $40 as Stockpiles Counter Freeze Proposal

Brent oil halted gains above $40 a barrel as forecasts that U.S. stockpiles would remain at the most since 1930 competed with speculation producers may agree to an output freeze. ›

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