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Industry News from Energy Services

  • March 31st, 2016

UK Gas – Prices decline due to oversupply

British wholesale gas prices declined on Thursday morning due to oversupply, a day ahead of the new summer gas season which usually sees lower demand due to warmer temperatures. ›

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  • March 31st, 2016

Oil falls as US crude stocks hit record for 7th week in a row

Oil futures fell in Asian trade on Thursday, with U.S. crude hitting the lowest level in more than two weeks, amid renewed worries of global oversupply after U.S. crude inventories rose to a record high. ›

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  • March 30th, 2016

UK day-ahead power prices steady as dip in demand offset by weakened wind

UK day-ahead power prices were steady Wednesday as a slight dip in demand levels is likely to be offset by declining wind generation. ›

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  • March 30th, 2016

UK GAS-Prices rise as lower wind output boosts gas demand

British prompt gas prices rose early on Wednesday due to an undersupplied system as lower wind power generation boosted demand for gas-fuelled power plants. ›

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  • March 30th, 2016

Oil Advances on Weaker Dollar Before U.S. Crude Stockpile Data

Oil rose as the dollar weakened and before U.S. government data forecast to show crude stockpiles expanded for a seventh week. ›

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  • March 29th, 2016

Oil prices fall as investors’ faith in rally wanes

Oil prices fell on Tuesday, reflecting growing concerns that a two-month rally may be in danger of fizzling, while analysts forecast another rise to record levels for U.S. crude stockpiles. ›

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  • March 29th, 2016

UK GAS-Prompt prices fall on oversupplied system, milder weather

British prompt gas prices fell on Tuesday morning on an oversupplied system as domestic supply and imports from Norway were strong, and demand softened due to milder weather. ›

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  • March 24th, 2016

UK Gas – Within-day prices ease as domestic supplies rise

British gas prices for within-day delivery eased slightly on Thursday morning as a rise in domestic production offset a fall in Norwegian gas imports. ›

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  • March 23rd, 2016

Oil Drops as U.S. Crude Stockpiles Seen Expanding Amid Surplus

Oil fell before U.S. government data forecast to show rising crude stockpiles kept supplies at the highest level in more than eight decades. ›

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  • March 23rd, 2016

UK Gas – Prompt rises as storage withdrawals drop, demand seen higher

British gas prices for prompt delivery rose on Wednesday as storage site withdrawals fell sharply and higher next-day demand outlooks helped support sentiment. ›

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