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Industry News from Energy Services

  • December 23rd, 2019

Oil eases as U.S. drilling activity picks up

Oil prices fell on Monday after an increase in U.S. drilling activity, but held near recent three-month highs on hopes for a trade deal between the United States and China. ›

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  • December 20th, 2019

UK GAS-UK, continental gas prices fall on Ukrainian gas transit talks

British wholesale gas prices fell on Friday on warmer and windy weather, while longer-term British and continental gas prices slipped after progress in Russian-Ukrainian gas transit talks.

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  • December 20th, 2019

Oil steady near three-month highs on trade deal progress; set for third weekly rise

Oil prices were steady close to three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook.

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  • December 19th, 2019

UK GAS-Prompt prices rise on dip in LNG, Norwegian supplies

Prompt British wholesale gas prices rose on Thursday morning as lower supply from the country’s liquified natural gas (LNG)terminals combined with weaker imports from Norway, leaving the gas system undersupplied.

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  • December 19th, 2019

Oil prices surf U.S.-China trade thaw to three-month highs

Oil prices remained atop three-month peaks on Thursday, extending a robust streak that began a week ago, as thawing trade relations between the United States and China supported global markets.

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  • December 18th, 2019

UK GAS-Weakening gas demand drives prompt prices down

British wholesale gas prices fell on Wednesday morning as gas demand is expected to fall during the warmer weather. ›

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  • December 18th, 2019

Oil skids as U.S. inventories pile up, but demand hopes stem bigger drop

Oil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check. ›

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  • December 17th, 2019

UK GAS-Prompt gas prices rise on lower LNG supplies, rising demand

British wholesale gas prices rose on Tuesday as the gas system was undersupplied due to lower deliveries from LNG terminals, while gas demand for power generation increased.

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  • December 17th, 2019

EUROPE POWER-Fall in wind generation lifts spot power prices

European spot electricity contracts for day-ahead delivery rose on Tuesday, buoyed by forecasts for a fall in power generation from wind turbines and delays in nuclear reactor restarts in France, and as cold weather lifted demand.

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  • December 17th, 2019

Oil prices climb on U.S.-China trade hopes, supply cuts

Oil prices climbed higher on Tuesday as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world’s biggest economies.

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