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Industry News from Energy Services

  • June 16th, 2016

Oil hits three-week low on weak US stock draw, Brexit fear

Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest bearish run since early 2016, as U.S. crude stocks fell less than expected and concerns over Britain’s future in the EU weighed.

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  • June 15th, 2016

UK Gas – Prices soar on lower Norwegian imports

British prompt gas prices rose on Wednesday morning, as imports from Norway dropped, leaving the market under-supplied.

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  • June 15th, 2016

Oil in Longest Losing Streak in 4 Months as U.S. Supplies Gain

Oil fell a fifth day, heading for the longest run of declines since February, as U.S. industry data showed crude stockpiles expanded, exacerbating an oversupply.

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  • June 14th, 2016

UK Gas – Prices slide on supply surge as Norway outages end

British wholesale gas prices extended losses on Tuesday morning as outages in Norway which had reduced flows ended and domestic output rose.

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  • June 14th, 2016

Oil futures fall as global growth, Brexit concerns weigh

Oil fell on Tuesday, as investor nervousness over next week’s vote on Britain’s possible European Union exit swept financial markets, eclipsing signs of a return to health for crude prices.

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  • June 13th, 2016

UK Gas – Spot price dives over 10 percent on oversupply and new LNG

British wholesale gas prices for instant delivery fell more than 10 percent on Monday due to new liquefied natural gas (LNG) shipments and higher Norwegian exports.

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  • June 13th, 2016

Oil Falls to One-Week Low as U.S. Drillers Ramp Up Operations

Crude slid to its lowest in a week in New York after U.S. oil explorers deployed more drilling rigs, signaling that companies may be able to revive output at current prices.

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  • June 10th, 2016

Oil stable on firm demand, supply disruptions; strong dollar weighs

Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support.

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  • June 10th, 2016

UK Gas – Prompt prices rise on lower Norwegian supply

British prompt gas prices rose slightly on Friday morning due to lower supplies from Norway.

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  • June 9th, 2016

Near-term UK wholesale natural gas prices up on short system, curve extends losses

Near-term UK wholesale natural gas prices rose Thursday morning due to a short system and potential industrial action at Norway’s Ormen Lange gas field, with the NBP curve extending the previous session’s losses.

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