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Industry News from Energy Services

  • March 23rd, 2018

Oil prices rise as Saudi Arabia says production curbs could last into 2019

Oil prices rose, pushed up by Saudi statements that OPEC and Russian led production curbs will need to be extended into 2019 in order to tighten the market. ›

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  • March 22nd, 2018

UK GAS-Prices down on milder weather and imminent LNG arrivals

British wholesale gas prices declined on Thursday, driven by forecasts for milder weather and a boost to British supplies from the arrival this month of two liquefied natural gas (LNG) vessels. ›

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  • March 22nd, 2018

Oil loses ground as rising U.S. output threatens to disrupt tightening market

Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine efforts led by producer cartel OPEC to tighten the market. ›

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  • March 21st, 2018

UK GAS-Prices mixed, driven by weather forecasts

British wholesale gas prices were mixed on Wednesday morning as forecasts of milder temperatures in the coming days dragged down the within-day price and other prompt contracts were lifted by a colder longer-term forecast. ›

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  • March 21st, 2018

Oil edges up on Middle East tensions, but soaring U.S. output still weighs

Oil prices edged up on Wednesday, lifted by tensions in the Middle East and healthy demand, although rising U.S. output continued to weigh on markets. ›

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  • March 20th, 2018

UK GAS-Prices jump as European supplies dwindle, demand stays high

LONDON, March 20 (Reuters) – British wholesale gas prices jumped almost 10 percent on Tuesday as supplies from Europe dwindled just as demand remained above average following an unseasonable cold snap.

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  • March 19th, 2018

UK GAS-Prices mixed as cold snap expected to ease this week

British wholesale gas prices were mixed on Monday morning, with within-day gas up on cold temperatures but day-ahead down on expectations of slightly milder weather the rest of this week.

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  • March 16th, 2018

UK GAS-Day-ahead price jumps as freezing temperatures return

British wholesale gas for day-ahead delivery jumped on Friday as freezing temperatures is forecast return over the weekend and as cold weather is expected to last longer than previously thought. ›

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  • March 16th, 2018

Oil prices set for weekly drop as concerns about rising supply weigh

Oil prices were set to fall this week, despite a slight gain in both benchmarks on Friday, on concerns among investors about rising supply from the U.S. and elsewhere threatening to undermine efforts by OPEC and other producers to tighten the market. ›

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  • March 15th, 2018

EUROPE POWER-Germany falls on more wind capacity, France up on tight supply

European spot electricity prices were mixed on Thursday, with Germany’s falling on increased wind power production while in France they were lifted by tighter nuclear supply ›

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