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Industry News from Energy Services

  • March 3rd, 2021

Oil rises as U.S. vaccine progress raises demand expectations

Oil prices rose on Wednesday as signs of progress in the COVID-19 vaccine rollout in the United States, the world’s biggest consumer, raised demand expectations.

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  • March 2nd, 2021

UK GAS-Prices hold steady on colder weather, low wind output

British wholesale gas prices were little changed on Tuesday morning, as forecasts confirmed an outlook for colder weather and low wind which lifted contracts by around 5% on Monday.

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  • March 2nd, 2021

Oil slides 1% on fears over higher OPEC supply, slower China demand

Oil prices slid more than 1% on Tuesday as expectations that OPEC would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand.

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  • March 1st, 2021

UK GAS-Prices rise on stronger demand, undersupply

British wholesale gas prices rose on Monday morning as an increase in demand for gas for heating and power left the system undersupplied.

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  • March 1st, 2021

Oil prices jump as U.S. House passes huge stimulus bill

Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China’s February factory activity growth capped gains.

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