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Industry News from Energy Services

  • January 29th, 2016

UK GAS-Prices slip on ample supply, mild weather

British gas prices fell on Friday as strong exports from Norway meant there was ample supply to meet slack demand, with milder weather curbing gas needs for heating. ›

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  • January 29th, 2016

Oil Extends Gain From Three-Week High as Russia Flags OPEC Talks

Oil extended gains from the highest close in three weeks as Russia’s energy minister said that OPEC and other producers may meet to discuss output. Delegates from the group said no meeting has been planned. ›

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  • January 28th, 2016

UK GAS-Prompt prices rise on undersupply, curve buoyed by oil

British spot gas prices rose on Thursday morning as low imports from Norway and the Netherlands contributed to an undersupplied system, while curve gas prices drew support from the previous day’s gains in the oil market. ›

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  • January 28th, 2016

Oil Trades Near $32 as U.S. Crude Stockpiles Expand Global Glut

Oil traded near $32 a barrel after U.S. crude stockpiles expanded for a third week to a record, exacerbating a global glut. ›

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  • January 27th, 2016

UK Gas – Higher forecast demand supports prices

British gas prices rose on Wednesday in line with higher demand due to a forecast dip in temperatures and higher crude oil prices in the previous session, trade sources said. ›

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  • January 27th, 2016

Oil falls around 2 percent as profit-taking kicks in

Crude oil futures dropped around 2 percent on Wednesday, heading back towards $30 a barrel as profit-taking wiped out a chunk of the gains notched up in the previous session on hopes for output cuts. ›

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  • January 27th, 2016

Hinkley Point go-ahead delayed amid EDF funding doubts

French energy giant had been expected to take a final investment decision on new nuclear plant on January 27 but has postponed it again ›

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  • January 26th, 2016

Oil extends slide below $30 on oversupply, weak China data

Crude futures dropped below $30 a barrel on Tuesday, extending the previous day’s losses by more than 3 percent, as persistent worries about oversupply and more signs of a Chinese economic slowdown spooked the market. ›

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  • January 25th, 2016

Oil Declines After Saudi Aramco Says It’s Sustaining Investments

Oil gave up its gains after the world’s biggest crude exporter said it’s keeping up investments in energy projects. ›

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  • January 25th, 2016

UK Gas – Prices down on milder weather, higher wind output

British wholesale gas prices as milder-than-average temperatures curbed demand for gas for heating and higher wind output was forecast to stem gas demand from power plants. ›

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