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Industry News from Energy Services

  • January 17th, 2017

UK Gas – Prices rise on increased consumption, undersupply

Prompt British gas prices rose on Tuesday, as increased consumption and lower supplies fuelled buying. ›

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  • January 16th, 2017

UK Gas – Prompt prices fall on milder weather

Prompt British gas prices fell on Monday morning, as forecasts for milder temperatures curbed demand. ›

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  • January 16th, 2017

Oil prices edge up on weaker dollar, expected crude output cuts

Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply. ›

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  • January 13th, 2017

UK Gas – Prompt prices fall on oversupply, milder weather

Prompt British gas prices fell on Friday morning, retreating from a 21-month high hit the previous day, as a bumper supply of gas led to an oversupplied system. ›

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  • January 13th, 2017

Oil Holds Two-Day Advance Near $53 as Saudis Make Deeper Cuts

Oil held near $53 a barrel after its biggest two-day gain in almost six weeks as Saudi Arabia cut output below its targeted level, countering a rise in U.S. crude stockpiles and production. ›

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  • January 12th, 2017

UK Gas – Day-ahead prices at highest since March 2015

British day-ahead prices reached their highest level since March 2015 on Thursday, as low temperatures for the next few days prompted more demand for heating. ›

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  • January 12th, 2017

Oil Holds Biggest Gain in 6 Weeks Amid Record U.S. Refinery Runs

Oil held gains after advancing the most in almost six weeks as U.S. refiners processed a record amount of crude, while OPEC and other producing nations trim output to stabilize the market. ›

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  • January 11th, 2017

UK POWER: Prompt prices increase on cold expectations

Forecasts for colder-than-average temperatures sent prompt power prices in the UK and neighboring European markets higher, but fairly healthy supply margins due to strong wind generation limited gains in the UK. ›

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  • January 10th, 2017

UK GAS-Prices rise as cold weather forecasts spur buying

British gas prices rose on Tuesday morning on forecasts of a cold snap and fears prices will need to climb much higher to attract LNG deliveries if the cold weather continues.

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  • January 10th, 2017

Oil recovers some previous losses, but doubts over supply cuts linger

Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market. ›

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