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Industry News from Energy Services

  • May 31st, 2016

UK GAS-Day-ahead gains on expected rise in demand and reduced supply

The British day-ahead gas price rose on Tuesday on expectations of higher demand due to a drop in temperatures and reduced domestic supply because of planned maintenance. ›

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  • May 27th, 2016

UK Gas – Weekend prices gain on tighter supply outlook

British within day prices fell on Friday on warmer weather that dented demand, while prices for the weekend and next month rose on expected tightening of supply due to planned maintenance. ›

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  • May 27th, 2016

Oil prices retreat from $50 on oversupply concerns, stronger dollar

Oil futures slipped in Asian trade on Friday after hitting resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. ›

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  • May 26th, 2016

UK Gas – Prices rise on undersupplied system, stronger oil

British gas prices rose on Thursday as lower supplies from Norway left the system undersupplied and oil prices climbed to a near seven-month high. ›

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  • May 26th, 2016

Brent Trades Above $50 for 1st Time in 6 Months as Supplies Drop

Brent crude rose above $50 a barrel for the first time in more than six months as a drop in U.S. stockpiles accelerated a rebound from a 12-year low after global disruptions trimmed the market’s glut. ›

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  • May 24th, 2016

Prompt UK power prices rally on low wind, IFA outage, demand uptick

Day-ahead power contracts in the UK rallied on Tuesday, retracing most of Monday’s fall as falling wind power generation and a transmission link outage are likely to tighten surplus margins and increase system demand. ›

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  • May 24th, 2016

UK Gas – Within-day prices climb as imports from Norway drop

British prompt gas prices rose on Tuesday morning, as imports from Norway dropped, leaving the market under-supplied. ›

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  • May 24th, 2016

Oil prices fall below $48 as dollar gains, but possible stock drawdown supports

Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. ›

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  • May 23rd, 2016

UK GAS Spot price drops below two-week low as supplies rise

British wholesale gas prices fell on Monday as Norwegian supply and domestic output ramped up, helped by a resumption in flows from the Bacton Seal terminal hit by an outage last week. ›

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  • May 23rd, 2016

Oil Extends Drop as Canada Seeks to Resume Production After Fire

Oil dropped for a fourth day as producers in Canada worked to resume operations after wildfires curbed output and Iran continued to raise exports amid a global surplus. ›

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