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Industry News from Energy Services

  • June 11th, 2019

Oil rises with financial markets, as longer supply cuts expected

Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer group OPEC and its allies will keep withholding supply.

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  • June 10th, 2019

UK GAS-Prices jump as Norwegian maintenance work reduces flows

British wholesale gas prices jumped on Monday as annual maintenance work in Norway reduced flows at the start of a week of chilly weather and few LNG tanker deliveries.

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  • June 10th, 2019

Oil rises on supply cuts, but weak economy holds market back

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington’s withdrawal of a tariff threat against Mexico removed a cloud over the global economy.

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  • June 7th, 2019

UK GAS-Prices rise as Norway flows drop ahead of maintenance

British wholesale gas prices rose on Friday as supplies from Norway fell ahead of maintenance on a large field, recouping some of the losses of recent days.

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  • June 7th, 2019

Oil prices rise for second day, climb from five-month lows

Oil prices rose more than 1% on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend their supply cuts.

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  • June 6th, 2019

UK GAS-Prices fall as market stays oversupplied

British wholesale gas prices fell on Thursday morning as the market remained oversupplied for a second day, due to strong Norwegian gas flows.

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  • June 6th, 2019

Oil firms above January lows, still pressured by surging supply, economic slowdown

Oil prices firmed on Thursday after falling to near five-month lows in the previous session, but sentiment remained weak as markets remain under pressure from rising U.S. supply and a stalling global economy.

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  • June 5th, 2019

EUROPE POWER-Increase in German wind generation weighs on spot prices

European day-ahead power prices slipped in the wholesale market on Wednesday, pressured by forecasts showing a rise in German wind power generation and a fall in consumption in France.

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  • June 5th, 2019

UK GAS-Prices largely fall in oversupplied market

Prompt British wholesale gas prices largely fell on Wednesday morning on an oversupplied gas system and bearish signals from other energy commodities.

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  • June 5th, 2019

Oil prices fall on surprise U.S. stocks rise, Russia supply comments

Oil prices resumed their slide on Wednesday, dragged down by an unexpected gain in U.S. inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies.

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