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Industry News from Energy Services

  • January 24th, 2019

UK GAS-Prices down on milder weather forecasts

British wholesale gas prices fell on Thursday, despite freezing weather across the country, as the temperatures are forecast to rise in the coming days reducing demand for gas for heating. ›

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  • January 24th, 2019

Oil prices dip on worries fuel demand to stall as global growth slows

Oil prices declined on Thursday on lingering concerns that slowing global economic growth may limit fuel demand and after a surprise build in U.S. crude inventories. ›

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  • January 23rd, 2019

UK GAS-Prices rise on undersupply, colder weather

British wholesale gas prices rose on Wednesday morning due to undersupply from reduced domestic production and liquefied natural gas supplies and as colder temperatures raised demand for heating. ›

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  • January 23rd, 2019

Oil inches up on hopes fiscal stimulus will stem economic slowdown

Oil prices inched up on Wednesday after China and Japan said they would use fiscal spending to stem an economic slowdown that is weighing on global financial markets. ›

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  • January 22nd, 2019

UK GAS-Prompt prices rise with temperatures, wind output set to dip

Prompt British wholesale gas prices rose on Tuesday morning, with temperatures expected to dip and lower forecasts of output from the country’s wind farms lifting demand. ›

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  • January 22nd, 2019

Oil prices drop as China economic slowdown threatens to spread

Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand. ›

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  • January 21st, 2019

UK GAS-Prices fall amid strong supply and wind power generation

British wholesale gas prices fell on Monday morning, after rising last week in anticipation of colder temperatures, amid strong supply and fairly high wind power output ›

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  • January 21st, 2019

Oil reaches 2019-high on strong China crude use, but economic slowdown looms

Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record last year despite a slowing economy. ›

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  • January 18th, 2019

Oil Set for Longest Weekly Rally Since October on OPEC’s Curbs

Oil headed for its longest weekly rally in three months on easing concern over whether the OPEC+ coalition will follow through on its pledge to slash production.

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  • January 18th, 2019

UK GAS-Prices mixed: prompt up on cold, oversupply weighs on month-ahead

British wholesale gas prices were mixed on Friday morning in slow trade, with the day-ahead up on increased consumption and the weekend and month-ahead contracts down on oversupply.

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