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Industry News from Energy Services

  • February 4th, 2019

Oil prices hit 2019 highs as sanctions against Venezuela, OPEC cuts bite

Oil prices rose to their highest so far this year on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela’s petroleum industry tightened markets. ›

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  • February 1st, 2019

Oil Holds Below $54 as China Factory Data Reignites Growth Worry

Oil held below $54 a barrel after its best January on record as a weak Chinese manufacturing reading and the lack of a major breakthrough in the trade talks reignited concerns a growth slowdown will hurt demand.

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  • February 1st, 2019

UK GAS-Prices down on oversupply, expectations of milder weather

British wholesale gas prices fell on Friday morning due to a well-supplied system and adjusted weather forecasts which show slightly milder temperatures from the middle of next week.

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