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Industry News from Energy Services

  • August 10th, 2016

UK GAS-Prices rise due to tighter supply

British wholesale gas prices were slightly higher on Wednesday morning as ongoing maintenance outages tightened supply. ›

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  • August 10th, 2016

Oil stable as Venezuela calls for producer meeting, oversupply still weighs

Oil prices were stable early on Wednesday, with a global supply overhang weighing on markets while talk of a potential producer meeting to discuss propping up prices lent crude some support despite being met with scepticism by analysts. ›

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  • August 9th, 2016

UK GAS-Curve prices rise as pound falls to one-month low

British wholesale gas prices for delivery this winter and next year firmed on Tuesday morning as the pound fell to a one-month low, while prompt prices were largely flat. ›

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  • August 9th, 2016

Oil falls as glut, profit-taking beat back optimism over OPEC meet

Crude prices edged lower on Tuesday on continued worries over a global oil glut and as investors took profits on gains of nearly 3 percent from the previous session, beating down upwards momentum from a possible meeting of oil producers. ›

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  • August 8th, 2016

Oil rises on renewed output freeze talks, but fundamentals remain weak

Oil prices rose in early trading on Monday, lifted by reports of renewed talks by some members of the Organization of the Petroleum Exporting Countries (OPEC) to restrain output. ›

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  • August 5th, 2016

UK GAS-Prompt prices fall on oversupplied system, wind surge

British wholesale gas prices fell on Friday in response to an oversupplied system and an expected surge in wind power output, despite ongoing maintenance on the UK continental shelf. ›

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  • August 5th, 2016

Oil prices fall as short-covering rally fizzles, oversupply weighs

Oil prices fell on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China’s imports, ending a two-day short-covering rally. ›

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  • August 4th, 2016

UK GAS-Prices rise as supply tightens

British wholesale gas prices rose on Thursday as maintenance on the UK Continental Shelf tightened output and Norway scaled back deliveries. ›

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  • August 4th, 2016

Oil prices bounce on US gasoline stock draw, dollar’s decline

Oil prices rose on Thursday, extending gains from the previous session following a large draw in U.S. gasoline inventories and a big drop in the dollar since the end of July. ›

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  • August 3rd, 2016

UK GAS-Day-ahead rises as UK maintenance lowers domestic flows

British wholesale gas for day-ahead delivery rose on Wednesday morning as outages at terminals and gas fields led to lower UK Continental Shelf flows but other contracts declined due to lower demand and a weak oil price. ›

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