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Industry News from Energy Services

  • February 28th, 2018

UK GAS-Prices soar during cold snap as gas stays in Europe

Prompt British wholesale gas prices doubled on Wednesday as the country suffered snow and freezing temperatures, getting no respite from continental imports. ›

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  • February 28th, 2018

Oil prices fall on weak Asian industry data, rise in U.S. crude stocks

Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower oil demand, and as an industry data report showed an increase in U.S. crude stockpiles amid soaring output. ›

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  • February 27th, 2018

Shell warns of liquefied natural gas shortage as LNG demand blows past expectations

Royal Dutch Shell says the world could be grappling with a shortage of liquefied natural gas within a decade due to underinvestment in new projects. ›

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  • February 27th, 2018

UK GAS-Prices soar on undersupply, colder forecasts

British wholesale gas prices soared on Tuesday, as forecasts of colder temperatures increased demand, leaving the system undersupplied. ›

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  • February 27th, 2018

Oil prices give up earlier gains as rising U.S. supply outweigh signs of demand gains

Oil prices on Tuesday erased earlier gains as investor concerns about rising U.S. oil output offset signs of stronger demand and faith in the ability of OPEC production curbs to curtail supply. ›

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  • February 23rd, 2018

UK GAS-Gas price surges in trading frenzy ahead of cold snap

British wholesale prompt gas prices climbed 50 percent in the week to reach mid-December highs as cold weather forecast, alongside a shortage of gas tankers and low reserves, stoked supply concerns. Dutch spot gas prices also climbed sharply. ›

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  • February 23rd, 2018

Oil slips to $66 a barrel as U.S. output offsets OPEC curbs

Oil slipped to $66 (47.21 pounds)a barrel on Friday, under pressure from concerns that rising U.S. oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs. ›

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  • February 22nd, 2018

UK GAS-Prices rise on demand uplift

British wholesale gas prices were boosted on Thursday by forecasts of colder weather and increased demand from gas retailers looking to secure sufficient supply before the close of the month. ›

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  • February 22nd, 2018

Oil falls as stronger dollar eclipses US inventory drop

Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in U.S. crude inventories. ›

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  • February 20th, 2018

UK GAS-Prices rise on cooler weather forecasts, low wind power

British wholesale gas prices rose on Tuesday morning, as forecasts for cooler weather and expectations of low output from wind farms buoyed demand. ›

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