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Industry News from Energy Services

  • March 7th, 2019

UK GAS-Prices fall on LNG flows, strong wind generation

British wholesale gas prices fell on Thursday due to strong wind generation and oversupply in the gas system.

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  • March 7th, 2019

Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts

Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising commercial fuel inventories.

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  • March 6th, 2019

UK GAS-Prices fall on healthy supply, lower demand

British wholesale gas prices fell on Wednesday as warmer weather reduced demand, leaving the system oversupplied.

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  • March 6th, 2019

Oil falls on U.S. inventory build, shale oil output forecasts

Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC-led production cuts.

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  • March 5th, 2019

UK GAS-Prices rise on undersupply, carbon

British wholesale gas prices got a small boost on Tuesday due to a supply deficit in the system and a slight rise in carbon prices. ›

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  • March 5th, 2019

Oil drops as China cuts economic growth target, but OPEC-led cuts support

Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support. ›

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  • March 4th, 2019

UK GAS-Prices slip as strong wind power output dents demand

British wholesale gas prices edged lower on Monday morning as forecasts for strong output from the country’s wind farms reduced demand for gas from power plants. ›

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  • March 4th, 2019

Oil prices rise on trade deal hopes, OPEC supply cuts

Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth. ›

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  • March 1st, 2019

UK GAS-Prices fall on strong LNG imports

UK wholesale gas prices fell on Friday morning as an increase in imports of liquefied natural gas (LNG) led to an oversupplied system amid lower demand. ›

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  • March 1st, 2019

Oil climbs amid OPEC-led supply cuts, but economic weakness drags

Oil prices climbed on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and concerns of global economic slowdown kept a lid on further gains. ›

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