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Industry News from Energy Services

  • February 28th, 2017

US oil ticks up for 2nd day on record OPEC output cut compliance

U.S. crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC’s production cuts even as the market remains anchored by rising U.S. production. ›

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  • February 27th, 2017

Oil ticks up on supply cuts, but rising US output caps gains

Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. ›

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  • February 24th, 2017

UK day-ahead power prices steady ahead of weekend

UK day-ahead power contracts held steady on Friday as strong wind generation continued to keep the market well supplied. ›

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  • February 24th, 2017

Oil prices fall as U.S. crude inventories rise further

Oil prices fell on Friday after U.S. crude inventories rose for a seventh week, showing the market is still struggling to ease oversupply despite many producers’ efforts to rein in output. ›

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  • February 23rd, 2017

US oil rises after report shows drop in stockpiles

Oil futures climbed nearly 1 percent on Thursday after data showed a surprise decline in U.S. crude stocks as imports fell, supporting the view that a global glut is ending. ›

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  • February 22nd, 2017

UK Gas – Prompt prices fall on oversupply, milder temperatures

British day-ahead gas price down 0.60 pence at 44.90 pence per therm at 10.01 GMT. ›

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  • February 22nd, 2017

Oil Rides Best Rally in 2 Months on Bets OPEC Will Hit Its Goals

Oil extended gains in its longest rally since the end of December on increasing confidence that OPEC’s supply curbs will outweigh a gain in U.S. crude stockpiles. ›

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  • February 21st, 2017

UK prompt power prices drift on wind, mild weather

UK day-ahead power contracts eased further on Tuesday as ongoing mild weather and strong wind availability kept prices under downward pressure. ›

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  • February 21st, 2017

UK GAS-Prompt prices edge higher on lower-than-expected temperatures

British day-ahead gas price up 0.10 pence at 46.70 pence per therm at 0916 GMT. ›

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  • February 21st, 2017

US crude prices rise as investors bet big on oil strength

U.S. crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. ›

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