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Industry News from Energy Services

  • September 8th, 2016

UK Gas – Prompt prices plummet as supply outstrips demand

Prompt British gas prices fell as much as 10 percent on Thursday morning as stronger domestic supplies and an increase in imports from Norway led to a heavily oversupplied system. ›

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  • September 8th, 2016

Oil Rises as Industry Data Signals Crude Inventories Plummeted

Oil advanced as weekly industry data showed U.S. crude inventories declined, trimming supplies that are at the highest seasonal level in at least 30 years. ›

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  • September 7th, 2016

UK Gas – Prices slide as supply rebounds after outages

British wholesale gas prices fell across the board on Wednesday as the system struggled to clear a supply glut caused by recovering output after maintenance and strong liquefied natural gas (LNG) flows. ›

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  • September 7th, 2016

Oil edges up; gains limited amid scepticism over freeze deal

Oil prices erased early losses to trade higher on Wednesday partly due to a weaker dollar, but gains were limited as market participants remained sceptical producers would reach an agreement to freeze output to rein in a global supply glut. ›

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  • September 6th, 2016

UK Gas – Within-day prices edge higher on domestic supply curbs

British gas prices for within-day delivery edged higher on Tuesday morning, as outages curbed domestic gas supplies, while curve gas prices slipped due to weaker oil. ›

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  • September 6th, 2016

Brent Oil Holds Gains as Saudi-Russia Deal Falls Short of Freeze

Brent oil held its gains as investors weighed the pledge by Russia and Saudi Arabia to cooperate to stabilize global crude markets that fell short of specific measures to bolster prices. ›

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  • September 5th, 2016

Oil Gains as Saudi Arabia to Make Statement After Russia Talks

Oil gained as Saudi Arabia prepared to make a “significant” announcement following discussions with Russia over promoting market stability. ›

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  • September 5th, 2016

UK Gas – Prompt prices jump by around 14 percent

The British spot gas price jumped by around 14 percent on Monday, fully recovering from last week’s seven-year low as domestic supply was hit by unplanned outages. ›

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  • September 2nd, 2016

UK Gas – Spot price falls to fresh 7-year low; day-ahead surges

The British spot gas price dropped by 15 percent on Friday, touching a fresh seven-year low, extending losses this week, as the system struggled to cope with a massive supply glut. ›

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  • September 2nd, 2016

Oil Halts Four-Day Slide as Putin Presses for OPEC Freeze Deal

Oil snapped four days of declines as Vladimir Putin said he’d like Russia and OPEC to reach an output freeze while exempting Iran as it raises production to pre-sanctions levels. ›

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