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Industry News from Energy Services

  • June 9th, 2016

UK Gas – Prompt prices fall on lower imports from Norway

British wholesale gas prices rose on Thursday as lower imports from Norway left the system undersupplied though the situation is expected to improve as Norway’s biggest gas field has started to ramp up production. ›

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  • June 9th, 2016

Oil hits fresh 2016 highs as US crude stocks fall

Oil prices edged up to fresh 2016 highs on Thursday, buoyed by a fall in U.S. crude inventories, a weaker dollar and strong demand, although some analysts warned that the recent rally was starting to look overblown. ›

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  • June 8th, 2016

UK GAS-Prices fall as domestic gas production rises

British wholesale gas prices fell on Wednesday on the back of an oversupplied transmission network as domestic gas production increased. ›

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  • June 8th, 2016

Oil surges to eight-month high on supply disruptions, firm Chinese demand

Oil prices jumped to the highest level in eight months on Wednesday, rising for the third consecutive session, buoyed by ongoing supply disruptions in Nigeria and strong Chinese oil demand data. ›

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  • June 7th, 2016

UK Gas – Prices decline on higher Langeled imports

British wholesale gas prices fell on Tuesday morning due to higher imports from Norway. ›

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  • June 7th, 2016

Oil Holds Near 10-Month High as U.S. Stockpiles Seen Declining

Oil traded near the highest close in more than 10 months before U.S. government data forecast to show crude stockpiles dropped for a third week, trimming a glut. ›

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  • June 6th, 2016

UK prompt power prices lifted by wind slump, higher gas prices

UK day-ahead power prices rose sharply on Monday as forecasts predict a steep drop in wind power generation to below 500 MW, while rising gas prices also supported the prompt, sources said. ›

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  • June 6th, 2016

UK wholesale natural gas prices increase on bullish fundamentals

UK wholesale natural gas prices rose across the board at the open Monday as a combination of a short gas system, higher oil prices, and forex movements led to bullish sentiment on the NBP hub. ›

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  • June 6th, 2016

UK Gas – Day-ahead prices rise as maintenance cuts supply

British prompt gas prices rose on Monday as maintenance at the country’s gas pipeline system curbed supply. ›

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  • June 6th, 2016

Stumbling dollar, Nigeria sabotage push up oil prices

Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains. ›

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