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Industry News from Energy Services

  • February 21st, 2019

UK GAS-Prices fall on mild temperatures, oversupply

British wholesale gas prices fell on Thursday morning as mild temperatures and strong imports from Norway led to an oversupplied system. ›

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  • February 21st, 2019

Oil hovers near 2019 highs amid OPEC cuts, but economic slowdown weighs

Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy. ›

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  • February 20th, 2019

UK GAS-Prices rise on reduced supply

British wholesale gas prices rose on Wednesday morning as gas flows from Norway dropped due to an outage and send-out of liquefied natural gas (LNG) is expected to edge down. ›

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  • February 20th, 2019

Oil dips below 2019 highs as surging U.S. supply counters OPEC cuts

Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela. ›

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  • February 19th, 2019

UK GAS-Prices down on mild weather and strong wind

British wholesale gas prices fell on Tuesday with higher than average temperatures forecast and strong wind expected to boost power production from turbines, creating an oversupplied system. ›

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  • February 19th, 2019

Oil hovers just below 2019 highs as markets look to trade talks

Oil prices hovered just below 2019 highs on Tuesday as traders waited for the outcome of U.S.-China trade talks this week, while supply cuts led by producer group OPEC meant markets were relatively tight. ›

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  • February 18th, 2019

UK GAS-Prices rise as North Sea outage reduces supply

British wholesale gas prices rose on Monday after an unplanned outage reduced supplies from the North Sea in an otherwise stable market. ›

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  • February 18th, 2019

Oil prices hit 2019 highs amid supply cuts, trade talk hopes

Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, U.S. sanctions on Iran and Venezuela, and hopes that the Sino-U.S. trade dispute may soon end. ›

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  • February 15th, 2019

UK GAS-Prices fall as milder weather returns

British wholesale gas prices fell on Friday morning as expectations of milder weather for the rest of February curbed demand. ›

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  • February 15th, 2019

Brent oil briefly hits $65 as production cuts fuel 2019 high

Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged investors. ›

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