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Industry News from Energy Services

  • August 29th, 2017

Oil prices gyrate as market grapples with U.S. hurricane damage

Crude traded in a narrow but volatile range on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States, the world’s largest oil consumer, after a hurricane ripped through the heart of its oil industry. ›

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  • August 29th, 2017

UK GAS-Prices rise on lower flows from Norway

Wholesale gas prices rose on Tuesday despite an oversupplied system, pressured by lower Norwegian flows and expected cuts in Norway’s output next month. ›

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  • August 24th, 2017

UK GAS-Prompt prices mixed on higher Norway flows, upcoming outages

British prompt prices were mixed on Thursday, with the within-day price down due to higher Norwegian gas flows and the day-ahead up on expectations of less wind output and maintenance in Norway. ›

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  • August 24th, 2017

Oil steady after US crude stockpiles drop; traders watch Gulf of Mexico storm

Oil was steady on Thursday, holding gains from the previous session after another fall in U.S. crude inventories indicated a tighter market, and as a tropical storm was heading for oil producing facilities in the Gulf of Mexico. ›

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  • August 23rd, 2017

UK GAS-Prices decline due to oversupply

British wholesale gas prices declined on Wednesday morning due to oversupply. ›

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  • August 23rd, 2017

Oil Halts Advance Near $48 on Signs U.S. Fuel Stockpiles Climbed

Oil halted gains near $48 a barrel as U.S. industry data showed gasoline stockpiles rose, offsetting a further decline in crude inventories. ›

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  • August 21st, 2017

Oil Holds Gains Near 1-Week High as U.S. Drilling Slows Further

Oil held gains near the highest close in a week as U.S. drillers reduced the number of active rigs by the most since January. ›

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  • August 16th, 2017

UK GAS-Prompt prices edge higher as Norwegian imports dip

Prompt British wholesale gas prices edged higher in early trading on Wednesday, as maintenance curbed imports from Norway. ›

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  • August 11th, 2017

UK GAS-Prices decline on higher UK domestic production, exports

British wholesale gas prices declined slightly on Friday morning due to slightly higher domestic production and increased exports to continental Europe.

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  • August 10th, 2017

UK GAS-Prompt prices fall due to oversupply

British prompt gas prices fell on Thursday due to an oversupplied system, on a day when gas demand was nearly 23 million cubic metres (mcm) lower than the seasonal average ›

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