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Industry News from Energy Services

  • April 16th, 2019

Oil prices extend losses as oversupply worries drag

Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight the United States for market share, checking a recent rally driven by tighter global production.

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  • April 15th, 2019

UK GAS-Prices fall on warm weather forecast

British wholesale gas prices fell on Monday morning on expectations of a drop in gas demand due to forecasts for milder weather. ›

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  • April 15th, 2019

Oil pauses; focus on future supply direction

Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.

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  • April 12th, 2019

UK GAS-Prices fall due to oversupply

British wholesale gas prices fell on Friday morning, erasing some of the gains made earlier this week after carbon prices rallied, due to oversupply and milder temperatures next week.

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  • April 12th, 2019

Oil prices rise as market tightens, but demand concerns linger

Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela.

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  • April 11th, 2019

UK GAS-Prices dip as imports from Norway ramp up

British wholesale gas prices fell on Thursday as higher imports from Norway contributed to an oversupplied market. ›

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  • April 11th, 2019

Oil prices slip on economic worries, surging U.S. crude supply

Oil prices were dragged down on Thursday by surging U.S. crude stockpiles and record production, while economic concerns cast doubt over growth in demand for fuel.

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  • April 10th, 2019

UK GAS-Prices rise as carbon hits 10-year high on Brexit extension hopes

British wholesale gas prices rose on Wednesday, boosted by carbon prices reaching a 10-year high on expectations Britain will stay in the EU’s Emissions Trading System for longer if its departure from the European Union is further delayed.

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  • April 10th, 2019

Oil edges up amid tightening supply, but economic slowdown weighs

Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.

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  • April 9th, 2019

UK GAS-Prices rise on reduced flows from Norway, LNG

British wholesale gas prices rose on Tuesday morning due to an undersupplied system caused by robust demand and a fall in flows from Norway and liquified natural gas (LNG) send-outs.

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