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Industry News from Energy Services

  • November 30th, 2016

UK’s Rough gas storage to be available no later than December 9th

The UK’s only long-range gas storage facility should be available no later than the start of the December 9th ›

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  • November 30th, 2016

OPEC debates oil cuts amid deep disagreement

OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. ›

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  • November 29th, 2016

Oil prices fall as Russia says will not attend OPEC meeting

Oil prices fell over 1 percent on Tuesday on market jitters over whether producer cartel OPEC would be able to hammer out a meaningful output cut during a meeting on Wednesday, aimed at reining in a global supply overhang and propping up prices. ›

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  • November 29th, 2016

UK GAS-Prices rise due to cold snap

Prompt British wholesale gas prices rose on Tuesday morning as colder temperatures pushed up demand for heating.

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  • November 28th, 2016

UK GAS-Prompt prices rise as temperatures drop

Prompt British wholesale gas prices rose on Monday morning, as temperatures were expected to fall below zero degrees Celsius in many parts of the country this week.

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  • November 28th, 2016

Europe spot power prices rise sharply as cold snap lifts demand

The arrival of cold weather pushed up European prompt power positions early on Monday, with the forecast for temperatures in France seen falling further.

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  • November 28th, 2016

Oil prices regain some ground after steep falls ahead of OPEC meeting

Oil prices regained some ground after steep losses made since Friday in choppy trading ahead of a planned producer meeting on Wednesday aimed at reining in global oversupply. ›

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  • November 25th, 2016

UK GAS-Prices rise on expectations of tighter supply

British wholesale gas prices rose on Friday morning as a series of outages created expectations of tighter supplies over the weekend. ›

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  • November 25th, 2016

Oil market static in thin trade ahead of OPEC meeting next week

Oil trading was static early on Friday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity after the U.S. Thanksgiving holiday kept traders from taking big new positions.

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  • November 24th, 2016

Oil prices static on uncertainty over planned production cut

Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the U.S. Thanksgiving holiday kept traders from making big new bets on markets.

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