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Industry News from Energy Services

  • May 17th, 2019

Oil steady as Middle East tensions mounts, set for weekly gains

Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears of supply disruptions.

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  • May 16th, 2019

UK GAS-Oversupply keeps prices under pressure

British wholesale gas prices fell in an oversupplied market early on Thursday, with only day-ahead edging up on approaching maintenance.

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  • May 16th, 2019

Oil edges up for third session on Mideast tensions

Oil prices pushed higher on Thursday for a third day in a row, as fears of supply disruptions amid heightened tensions in the Middle East overshadowed an unexpected rise in U.S. inventories.

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  • May 15th, 2019

EUROPE POWER-Spot narrowly mixed on weather, nuclear factors

European prompt power prices on Wednesday were narrowly mixed, with Germany’s down on more wind power supply and those in France unchanged as nuclear supply increased to meet seasonally high demand.

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  • May 15th, 2019

UK GAS-Prices edge lower in oversupplied market

Prompt British wholesale gas prices edged lower on Wednesday as oversupply weighed on the market.

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  • May 15th, 2019

Oil prices fall as U.S. stockpiles rise, but Middle East tensions support

Oil fell on Wednesday after data showed a surprise rise in U.S. crude stockpiles and as Chinese industrial output grew less than expected in April, but prices were supported by mounting tensions in the Middle East.

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  • May 14th, 2019

UK GAS-Prices mixed after heavy falls in oversupplied market

British wholesale gas prices were mixed on Tuesday after heavy falls in the previous session, with the within-day contract recovering some ground and the day-ahead price slipping in a oversupplied market.

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  • May 14th, 2019

Oil prices rise, gains tempered by U.S.-China trade tensions

Oil prices were moving higher on Tuesday, though gains were checked amid an escalation in the trade war between the United States and China.

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  • May 13th, 2019

UK GAS-Prices slump as warmer weather returns

Prompt British wholesale gas prices fell more than 10% on Monday morning as forecasts for warmer weather curbed demand, leaving the system oversupplied.

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  • May 13th, 2019

Oil prices rise as Middle East tanker attack increases supply concerns

Oil futures rose on Monday on increasing concerns about supply disruptions in the crucial producing region of the Middle East even as investors and traders fretted over global economic growth prospects amid a standoff in the Sino-U.S. trade talks.

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