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Industry News from Energy Services

  • June 29th, 2016

UK Gas – Prices firm as Norwegian outages leave network undersupplied

British wholesale gas prices rose on Wednesday as production outages in exporter Norway left the transmission grid undersupplied. ›

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  • June 29th, 2016

Oil prices rise on Norway strike threat; Brexit shock fades

Oil rose on Wednesday as financial traders poured money back into commodities following the initial shock of Britain’s vote to leave the European Union, and as a potential strike in Norway and crisis in Venezuela threatened to cut supply. ›

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  • June 28th, 2016

UK GAS-Prompt prices fall due to rising supplies from Norway

British wholesale gas prices fell on Tuesday morning as higher imports from Norway and rising domestic supply left the gas system oversupplied. ›

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  • June 27th, 2016

UK day-ahead power prices gain in volatile trade on market jitters

UK day-ahead power contracts climbed higher Monday with sharp price fluctuations on ongoing markets jitters over potential changes to power, gas supplies and exchange rates after the UK voted to leave the EU, sources said. ›

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  • June 27th, 2016

UK Gas – Prompt prices rise on short system amid FX volatility

British prompt gas prices rose on Monday as the transmission grid ran slightly short of supply because of reduced intake from Norway after an outage. ›

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  • June 27th, 2016

Oil Trades Near $48 a Barrel as Brexit Spurs Market Volatility

Oil traded near $48 a barrel as market volatility continued after the U.K. last week voted to leave the European Union. ›

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  • June 24th, 2016

UK Gas – UK gas prices rise on weaker pound, Dutch output curb fears

British wholesale natural gas prices rose on Friday after the pound tumbled against the euro after Britain country voted to leave the European Union, making gas more attractive to purchase. ›

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  • June 24th, 2016

Oil prices dive as Britain votes to leave EU

Oil prices briefly slumped by more than 6 percent on Friday after Britain voted to leave the European Union in a landmark referendum, causing huge market uncertainty and fracturing European efforts to forge greater unity. ›

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  • June 23rd, 2016

UK Gas – Prices ease on Rough injection outage, EU referendum

British wholesale gas prices fell on Thursday morning due to an outage at Rough gas storage site which will reduce the amount of gas which can be injected into storage over the summer and as the country went to the polls in a referendum on EU membership. ›

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  • June 23rd, 2016

Oil prices rise as markets on tenterhooks ahead of Brexit vote

Oil prices rose in early Asian trading on Thursday, shrugging off a smaller than expected decline in U.S. stockpiles as the market waited with bated breath for the result of Britain’s “Brexit” vote. ›

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