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Industry News from Energy Services

  • May 31st, 2019

UK GAS-Prices decline on warmer temperatures, strong wind output

British wholesale gas prices declined on Friday morning as demand ebbed due to higher temperatures and strong wind power output.

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  • May 31st, 2019

Oil drops 1%, set for biggest monthly fall since November as trade wars spreads

Oil prices fell by more than 1% on Friday and were on track for their biggest monthly fall since November as trade conflicts spread and U.S. crude output returned to record levels.

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  • May 30th, 2019

UK GAS-Prices fall with warm weather, high LNG sendout rates

British wholesale gas prices fell on Thursday, trading at multi-year seasonal lows, as warm weather dampened demand and liquefied natural gas (LNG) sendout levels remained at elevated levels.

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  • May 30th, 2019

Oil rises on declining U.S. crude stocks, but trade war worries linger

Oil prices rose on Thursday after an industry report showed a bigger-than-expected decline in U.S. crude inventories, although concerns that the U.S.-China trade war will trigger an economic downturn kept a lid on gains.

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  • May 29th, 2019

UK GAS-Prices edge lower on oversupplied system

British wholesale gas prices edged lower on Wednesday morning due to an oversupplied system and lower demand.

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  • May 28th, 2019

UK GAS-Prices edge up on cooler temperature forecasts

British wholesale gas prices edged up on Tuesday morning, in quiet trade after a UK holiday, as weather forecasts showed a return to seasonal temperatures next week.

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  • May 28th, 2019

Oil mixed as OPEC cuts, U.S. sanctions prop up prices while trade war weighs

Oil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and U.S. sanctions on fuel exports from Iran and Venezuela supported crude, while concerns about an economic slowdown weighed on the market.

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  • May 24th, 2019

Oil recovers 1%, but set for biggest weekly loss of 2019

Oil prices recouped around 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week.

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  • May 23rd, 2019

UK GAS-Prices fall due to higher Norwegian supply

British wholesale gas prices fell on Thursday morning, with gas for immediate delivery at a one-month low, due to oversupply.

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  • May 23rd, 2019

Oil slips 1% as U.S. stockpiles surge, economic concerns grow

Oil prices dropped by around 1% on Thursday, extending falls from the previous session amid surging U.S. crude inventories and weak demand from refineries.

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