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Industry News from Energy Services

  • April 28th, 2017

UK GAS-Prompt prices decline on lower demand, higher Norwegian supply

British prompt gas prices fell on Friday morning on lower demand and as flows from Norway increased after maintenance at the Kaarstoe processing plant ended. ›

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  • April 28th, 2017

Oil rises on potential OPEC cut extension, but still faces second weekly loss

Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market. ›

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  • April 27th, 2017

UK gas prompt prices dip as temperatures set to rise

British prompt gas prices fell on Thursday morning on continued strong withdrawals from Rough storage and predictions of falling demand as temperatures rise next week. ›

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  • April 27th, 2017

Oil prices fall on lingering oversupply concerns

Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels. ›

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  • April 26th, 2017

UK gas prices egde up as cold snap continues

British wholesale gas prices edged up on Wednesday morning as a cold snap continued, driving up demand for heating. ›

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  • April 26th, 2017

Oil falls on bulging US inventories, ample global supplies

Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC’s ability to cut supplies and tighten the market. ›

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  • April 25th, 2017

Near-term UK wholesale natural gas spot prices dip, curve gives up early gains

Near-term UK wholesale natural gas prices crept lower early Tuesday with an increased reliance on storage withdrawals compensating for high demand, with the NBP curve tracking higher after having fallen lower on the open. ›

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  • April 25th, 2017

UK gas within-day price firms as cold snap lifts demand

The British gas price for immediate delivery edged higher on Tuesday morning, as colder weather led to strong demand and a slightly undersupplied gas system. ›

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  • April 25th, 2017

Oil edges up after six straight sessions of losses

Oil prices recovered some ground on Tuesday, halting six consecutive sessions of slide, but markets remain under pressure as traders lose confidence that pledged output cuts by major producers will rein in oversupply in a world awash with fuel. ›

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  • April 24th, 2017

UK day-ahead power prices weaken as strong renewables offset cold weather outlook

Day-ahead power prices in the UK market declined on Monday as expectations for strong electricity generation from wind and solar farms offset the bullish influence of rising gas prices and colder-than-normal temperatures, traders said. ›

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