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Industry News from Energy Services

  • August 3rd, 2016

US crude oil remains below $40 as oversupply still weighs

Oil prices edged up early on Wednesday, supported by a weaker dollar, but U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. ›

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  • August 2nd, 2016

UK GAS-Prices fall on oversupply, cancelled Norway maintenance

British gas prices mostly fell on Tuesday as supply outstripped demand and Norway’s cancellation of a major planned production outage helped ensure steady imports over coming days. ›

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  • August 2nd, 2016

US crude oil edges back over $40, but oversupply still weighs

Oil prices edged up on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by excess production. ›

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  • August 1st, 2016

UK GAS-Prompt prices edge higher as maintenance looms

British gas prices for prompt delivery edged higher on Monday morning as both planned and unplanned outages led to expectations of lower supply. ›

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  • August 1st, 2016

Oil rises after month of steady decline but oversupply still weighs

Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the market remains dogged by plentiful crude supplies, a flood of refined products, and a weakening economic outlook. ›

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