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Industry News from Energy Services

  • March 20th, 2017

UK gas: Within-day gas declines on oversupply

British wholesale gas for immediate delivery declined on Monday morning due to oversupply, traders said. ›

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  • March 20th, 2017

Oil drops on rising U.S. drilling, steady OPEC supply

Oil prices fell on Monday, with already-bloated markets pressured by rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts. ›

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  • March 17th, 2017

UK Gas prices firm slightly on lower Norwegian supplies, higher exports

British wholesale gas prices went up slightly on Friday morning due to lower supplies from Norway, traders said. ›

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  • March 17th, 2017

Oil prices dip as doubts remain over OPEC supply cuts

Oil prices dipped on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang. ›

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  • March 16th, 2017

UK Gas spot prices dip, firmer crude lifts forward contracts

British wholesale spot gas prices fell on Thursday morning as supplies outstripped demand, while forward contracts found support from rebounding crude oil prices, traders said. ›

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  • March 16th, 2017

Oil Extends Advance as U.S. Stockpiles Drop First Time This Year

Oil extended gains above $49 a barrel as U.S. government data showed an unexpected fall in crude stockpiles, the first decline this year. ›

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  • March 15th, 2017

UK wholesale natural gas prices bullish on weaker Norwegian flows, Brent

UK wholesale natural gas prices rose in value during early Wednesday trade as the UK gas system tightened due to a fall in Norwegian gas receipts with further support offered by higher Brent crude pricing. ›

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  • March 15th, 2017

Oil prices rebound, IEA says OPEC cuts need more time to work

Oil prices climbed from three-month lows on Wednesday, lifted by a surprise drawdown in U.S. inventories and helped by figures from the International Energy Agency (IEA) suggesting OPEC cuts should push the crude market into deficit in time ›

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  • March 14th, 2017

Dutch, German spot natural gas prices recover, tracking UK NBP

Dutch and German day-ahead gas prices recovered Tuesday morning, tracking gains in the corresponding UK NBP contract which rose on a short system, with prices in further dated contracts also seen correcting some of Monday’ losses. ›

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  • March 14th, 2017

UK GAS-Prices rise on South Hook outage, lower Norwegian flows, higher exports

British wholesale gas prices rose on Tuesday morning due to lower imports from Norway, an unplanned outage at South Hook liquefied natural gas terminal and increased exports to continental Europe. ›

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