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Industry News from Energy Services

  • August 31st, 2016

UK Gas – Prices fall on ample supply

British wholesale gas prices fell on Wednesday due to ample supplies of gas. ›

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  • August 31st, 2016

Oil prices dip on stronger dollar; rise in US crude stocks data

Crude oil futures dipped on Wednesday as the U.S. dollar held around three-week highs and industry stocks data indicated a build in U.S. crude inventories. ›

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  • August 30th, 2016

UK Gas – Prices decline on strong domestic production

British wholesale gas prices fell on Tuesday as strong domestic supply outweighed the impact of a sharp reduction in Norwegian imports. ›

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  • August 30th, 2016

Oil prices rise as dollar comes off two-week high

Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze continued to drag on prices. ›

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  • August 26th, 2016

UK Gas – Within-day prices fall on oversupplied system

British within-day gas prices fell on Friday due to an oversupplied system, while those for Monday rose as planned maintenance is expected to reduce imports from Norway. ›

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  • August 26th, 2016

Oil prices fall as Saudi Arabia dampens prospects of output freeze

Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets. ›

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  • August 25th, 2016

UK Gas – Prices decline due to robust supply

British wholesale gas prices declined on Thursday because the market was oversupplied due to higher flows through Norway’s Vesterled pipeline into the St Fergus gas terminal. ›

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  • August 25th, 2016

Oil Holds Losses Near One-Week Low After Surprise Stockpile Gain

Oil held losses near the lowest close in a week as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades with the peak summer demand period approaching its end. ›

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  • August 24th, 2016

UK Gas – Prices fall as domestic output rises

British wholesale gas prices fell on Wednesday morning as an increase in domestic output left the market oversupplied. ›

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  • August 24th, 2016

Oil prices fall on US crude stocks build; fears over China demand

Oil prices fell on Wednesday as an unexpected build in U.S. crude inventories weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. ›

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