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Industry News from Energy Services

  • July 12th, 2016

UK Gas – Prompt prices rise on lower wind power output

British prompt gas prices rose on Tuesday morning as demand from the power sector increased due to lower output from the country’s wind farms. ›

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  • July 12th, 2016

Oil prices rise on Iraq loading worries; bearish investors cap gains

Oil futures rose on Tuesday as an interruption in Iraqi crude loadings at Basra threatened to tighten supplies, but prices held close to two-month lows hit in the previous session as investors continued to slash their bullish bets. ›

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  • July 11th, 2016

Oil falls on economic woes; drillers adjust to lower prices

Oil prices fell on Monday on signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. ›

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  • July 11th, 2016

UK Gas – Curve prices dip on weak crude oil

British wholesale forward gas prices edged lower on Monday as crude oil prices weakened. ›

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  • July 8th, 2016

UK Gas – Prices slip as supply more than demand

Prompt British natural gas prices fell on Friday as strong supplies outstripped demand. ›

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  • July 8th, 2016

Oil Trims Weekly Drop as U.S. Production Falls Most Since 2013

Oil trimmed its biggest weekly decline in five months as investors weighed the largest drop in U.S. output since 2013 against a smaller-than-expected stockpile decline. ›

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  • July 7th, 2016

Oil prices edge up on U.S. crude stock draw, but slowing economies weigh

Oil prices edged up on Thursday, supported by a report of another fall in U.S. crude inventories as well as a weaker dollar, although a glut of refined products and economic growth concerns continue to drag on markets. ›

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  • July 6th, 2016

UK Gas – Prices decline on improved supply, reduced demand outlook

British wholesale gas prices mostly declined on Wednesday due to expectations of improved supply and less demand from gas-fired power plants over the weekend and next week and amid a general slump in financial markets. ›

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  • July 6th, 2016

Oil Trades Near 1-Week Low Before Supply Data Amid Risk Aversion

Oil traded near a one-week low as investors fled to haven assets including gold and the yen amid renewed concern the U.K.’s decision to leave the European Union will hinder global growth. ›

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  • July 5th, 2016

UK Gas – Prices down on storage injections, exports to Europe

British wholesale gas prices declined on Tuesday morning on more injections into medium range storage facilities and continued exports to Europe. ›

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