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Industry News from Energy Services

  • October 8th, 2018

Oil drops to around $83 on expectations Iran will maintain some exports

Oil dropped to around $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the U.S. reimposes sanctions, easing a strain on supplies. ›

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  • October 5th, 2018

UK GAS-Prices fall on warmer weather forecasts for next week

British wholesale gas prices fell on Friday morning as expectations of warmer weather next week curbed demand. ›

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  • October 5th, 2018

Oil prices rise on Iran sanctions, outlook uncertain

Oil prices rose on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports. ›

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  • October 4th, 2018

UK GAS-Prices fall on healthy supply, lower demand

British wholesale gas prices continued to decline on Thursday morning due to healthy supply and low demand due to warmer-than- average temperatures. ›

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  • October 4th, 2018

Oil slips as Saudi and Russia quietly agree output rise, U.S. stocks swell

Oil prices on Thursday slipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. ›

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  • October 3rd, 2018

EUROPE POWER-Spot prices supported by drop in wind output, low nuclear

European spot electricity prices for day-ahead delivery rose on Wednesday, lifted by forecasts showing a sharp fall in German wind power production and low nuclear availability in France, while demand is set to return in Germany after a holiday. ›

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  • October 3rd, 2018

UK GAS-Prices mostly lower as warmer temperatures curb demand

British wholesale gas prices mostly fell on Wednesday due to forecasts for warmer temperatures and despite an undersupplied market. ›

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  • October 3rd, 2018

Oil edges up on Iran sanctions, but U.S. supply and strong dollar weigh

Oil prices edged up on Wednesday on expectations of tighter markets once U.S. sanctions target Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains. ›

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  • October 2nd, 2018

UK GAS-Prices rise on lower flows, higher coal and Dutch gas

British prompt gas prices edged higher on Tuesday pulled up by higher Dutch gas and European coal contracts as a jump in flows from Norway receded. ›

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  • October 2nd, 2018

U.S. oil hits four-year peak ahead of sanctions on Iran

U.S. oil prices hit their highest level since November 2014 on Tuesday and Brent crude was also near a four-year peak reached the previous day, with markets preparing for tighter supply once U.S. sanctions against Iran kick in next month. ›

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