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Industry News from Energy Services

  • August 17th, 2016

Oil Halts Gain as Industry Data Signals Sustained U.S. Fuel Glut

Oil halted its advance after the biggest four-day gain since April as weekly industry data showed U.S. gasoline stockpiles expanded, keeping supplies at the highest seasonal level in more than two decades. ›

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  • August 16th, 2016

UK Gas – Prompt prices rise on unplanned outage, higher exports

British prompt gas prices rose on Tuesday morning as an unplanned domestic outage and an increase in exports to Belgium helped prices recover from Monday’s rout ›

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  • August 16th, 2016

Oil prices dip as traders cash in on two-week price rally

Oil prices edged away from 5-week highs on Tuesday, with traders cashing in on a 16-percent rally since early August that has largely been fueled by talk of producers taking action to prop up the market. ›

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  • August 15th, 2016

UK Gas – British prompt prices plunge on oversupply

British prompt gas prices plunged on Monday morning as an increase in flows from Norway and lower exports to Belgium left the grid heavily oversupplied. ›

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  • August 15th, 2016

Oil Rises to Three-Week High on OPEC Supply Freeze Speculation

Oil climbed above $45 a barrel in New York for the first time in three weeks amid speculation that crude producers will revive talks to stabilize prices. ›

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  • August 12th, 2016

EUROPE POWER-Spot down for early next week on holiday, curve up

European spot power on Friday traded down for early next week, weighed down by more thermal and solar supply combined with a pending holiday in parts of the region.

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  • August 12th, 2016

UK GAS-Prices fall on weaker demand, lower oil

British wholesale gas prices fell on Thursday on weaker demand resulting in an oversupplied system, and lower oil prices. ›

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  • August 12th, 2016

Oil prices rise on talk of possible exporter moves to prop up market

Oil prices rose by around 1 percent on Friday, extending gains from the previous session on expectations that exporters could talk at an upcoming meeting about ways to prop up a market that continues to be dogged by a supply overhang. ›

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  • August 11th, 2016

UK GAS – Prices fall on low demand

British wholesale gas prices fell on Thursday on weaker demand resulting in an oversupplied system, and lower oil prices. ›

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  • August 11th, 2016

Oil prices dip on US crude inventory build, record Saudi output

Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforced fears of a persistent supply overhang that will last well into next year and keep weighing on markets. ›

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