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Industry News from Energy Services

  • February 29th, 2016

UK GAS-Prompt prices rise as imports from Norway drop

British spot gas prices edged higher Monday as lower imports from Norway left the British gas system undersupplied. ›

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  • February 29th, 2016

Oil prices rise, signs mount that market is bottoming out

Crude futures rose in early trading on Monday after gaining over 15 percent last week, with some indicators pointing to the possibility the market is showing signs of bottoming out. ›

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  • February 26th, 2016

Oil prices rise as traders close short Brent positions

Crude oil prices flipped on Friday reversing falls in the morning into afternoon gains as traders closed short positions and strong U.S. gasoline demand supported the market. ›

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  • February 26th, 2016

UK GAS-Spot prices steady as supply and demand near balanced

British gas prices for prompt delivery were steady on Friday in a near-balanced system as stable supplies from Norway helped meet demand. ›

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  • February 25th, 2016

UK Gas – Prices decline on strong supply

British wholesale gas prices declined on Thursday morning on robust supplies. ›

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  • February 25th, 2016

Oil falls as oversupply, slow growth outweigh US output drop

Crude oil prices fell on Thursday as downward pressure from global overproduction and slowing economic growth outweighed strong gasoline demand and lower U.S. crude output. ›

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  • February 24th, 2016

Oil Extends Decline as Saudi Arabia, Iran Resist Production Cuts

Oil extended declines after oil ministers from Iran and Saudi Arabia signalled they’re unwilling to curtail production. ›

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  • February 24th, 2016

UK Gas – Prompt prices slip as supply outpaces high demand

British spot gas prices fell on Wednesday morning as strong domestic supply and imports from Norway outstripped cold weather and high demand. ›

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  • February 23rd, 2016

UK Prompt Power Prices Soar On Tightening Margins, Strong Demand

UK prompt power prices posted strong day-on-day gains Tuesday, rising for the second consecutive trading session, as forecasts for less than 1 GW wind supply coupled with an unplanned power station outage and increased demand bolstered market sentiment, sources said. ›

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  • February 23rd, 2016

Oil prices fall as global glut offsets prospect of lower US output

Oil futures fell more than half a dollar on Tuesday given worries rising Iranian output would deepen a global oversupply, offsetting expectations of a drop in U.S. production that had spurred sharp price gains in the previous session.

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