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Industry News from Energy Services

  • May 4th, 2020

UK GAS-Prices rise on high exports and low LNG supply

British wholesale gas prices rose on Monday morning amid an undersupplied gas system caused by lower liquefied natural gas (LNG) send-out and higher UK exports to the continent.

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  • May 4th, 2020

Oil prices slide on demand concerns, U.S.-China trade tension

Oil prices fell on Monday, paring last week’s gains, on worries a global oil glut may persist amid slumping demand and U.S.-China trade tensions that could restrict an economic recovery even as coronavirus pandemic lockdowns start to ease.

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  • May 1st, 2020

UK GAS-Prices rise on higher UK exports, lower LNG

British wholesale gas prices rose on Friday morning as a rise in UK gas exports to continental Europe and a drop in liquefied natural gas (LNG) send-out left the gas system undersupplied.

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  • May 1st, 2020

Oil prices climb on start of output cuts, US inventories lower than feared

Oil prices rose on Friday, extending the previous session’s gains, as major producers began output cuts to offset a slump in fuel demand triggered by the coronavirus pandemic while data showed U.S. crude inventories grew less than expected.

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