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Industry News from Energy Services

  • August 14th, 2018

Oil edges up on Saudi output cut and Iran sanctions

Oil prices rose on Tuesday after Saudi Arabia said it had cut production in July, although concerns over a slowdown in global economic growth kept a lid on markets. ›

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  • August 13th, 2018

UK GAS-Prices rise due to strike at Total’s North Sea platforms

British wholesale gas prices rose on Monday morning as a strike was set to begin at three Total North Sea oil and gas platforms, curbing supply. ›

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  • August 13th, 2018

Oil dips as emerging market woes dim demand outlook

Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, but U.S. sanctions against Iran pointed towards tighter supply ahead.

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  • August 10th, 2018

Energy Services (Business Power) Ltd – August 2018 Energy Newsletter

In July UK energy prices remained high although traded within a narrow range.  Please follow the link to read more. ›

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  • August 10th, 2018

UK GAS-Prices mostly fall on oversupply as flows return

British wholesale gas prices were mostly lower on Friday, as oversupply and the return of sites from maintenance weighed on the market. ›

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  • August 10th, 2018

Oil dips on trade dispute, Iran sanctions tighten outlook

Oil prices fell on Friday on worries that global trade disputes will slow economic growth and demand for fuel, but losses were limited by U.S. sanctions against Iran which look set to tighten supply. ›

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  • August 9th, 2018

UK GAS-Day-ahead down on Norway supplies, stronger wind forecasts

British day-ahead gas prices fell on Thursday on expectations for higher power output from wind turbines and as increased Norwegian flows oversupplied the system. ›

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  • August 9th, 2018

Supply worries lift oil prices as U.S. renews sanctions on Iran

Oil prices eked out gains on Thursday, reflecting concerns about Iranian crude supplies as the U.S. hit Tehran with new sanctions, halting Wednesday’s declines in the face of an escalating China-U.S. trade dispute and worries over Chinese demand. ›

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  • August 8th, 2018

UK GAS-Prices rise on cooler temperatures, lower wind power output

British wholesale gas prices rose on Wednesday morning as forecasts for cooler temperatures and lower output from the country’s wind farms led to an increase in demand.

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  • August 8th, 2018

Oil dips on weak China imports, but Iran sanctions, weak U.S. stocks support

Oil prices dipped on Wednesday after China reported relatively weak import data, although the market remained well supported by falling U.S. crude inventories and the introduction of sanctions against Iran.

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