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Industry News from Energy Services

  • October 31st, 2016

UK GAS-Prices gain on forecast for colder weather

British wholesale gas prices rose on Monday morning on expectations for a drop in temperatures to below normal levels, boosting gas demand for heating. ›

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  • October 31st, 2016

Oil Extends Decline as OPEC Splits Prevent Deal to Curb Supply

Oil declined for a second day as OPEC’s internal disagreements undermined efforts among major suppliers to reach an agreement in Vienna on trimming output to support prices. ›

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  • October 28th, 2016

Oil major Total delivers forecast-beating profits on cost cutting and increased production

The French oil and gas company Total has managed to offset the effects of weak commodity prices by reporting better-than-expected profits in the third quarter of 2016.

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  • October 27th, 2016

Oil lingers around $50 over doubts OPEC can coordinate output cut

Oil prices were stable on Thursday, lingering around $50 a barrel, as doubts over OPEC’s ability to organize a coordinated production cut weighed on markets, while firm demand and concerns over Venezuela’s stability offered support.

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  • October 26th, 2016

Oil prices drop as concerns over global fuel glut re-emerge

Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut.

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  • October 25th, 2016

UK GAS-Prompt prices gain on Norwegian maintenance

British wholesale gas prices rose on Tuesday on concerns about future supplies from Norway. ›

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  • October 25th, 2016

Russia hopes possible global oil deal to stabilise crude prices

A possible agreement among global leading oil producers on capping crude output would help to stabilise global oil prices, Russian Deputy Prime Minister Arkady Dvorkovich said on Tuesday ›

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  • October 25th, 2016

Oil prices dip on OPEC squabbles ahead of planned production cut

Oil prices dipped on Tuesday as disagreement flared within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices.

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  • October 24th, 2016

Oil prices drop as Iraq says doesn’t want to join OPEC cut

Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.

 

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  • October 21st, 2016

UK prompt power prices rise further amid tight supply

UK day-ahead power contracts rose further Friday amid ongoing concerns over tight supply in the UK as well as the neighboring French market. ›

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