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Industry News from Energy Services

  • August 28th, 2020

Oil steady as U.S. producers, refiners avoid worst of storm

Oil prices inched higher on Friday, clawing back narrow losses earlier in the session as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.

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  • August 27th, 2020

UK GAS-Prices dip on lower demand, robust Norwegian flows

British wholesale gas prices dipped on Thursday morning as Norwegian supply was strong and demand expected to fall as stronger wind is forecast, even though upcoming outages will reduce flows. ›

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  • August 27th, 2020

Oil prices steady as Gulf of Mexico coast braces for Hurricane Laura

Oil prices held steady on Thursday as a massive hurricane in the Gulf of Mexico raced towards the heart of the U.S. oil industry, which has forced oil rigs and refineries to shut down production. ›

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  • August 26th, 2020

Brent prices climb on U.S. output cuts, China trade deal hopes

Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-U.S. trade talks.

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  • August 24th, 2020

UK GAS-Prices rise on low wind, supply drop

British wholesale gas prices rose sharply on Monday morning as low wind power generation and a drop in UK gas supply led to an undersupplied system.

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  • August 24th, 2020

Oil prices edge higher as storms bear down on Gulf of Mexico

Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after U.S. regulators approved the use of blood plasma from recovered patients as a treatment option.

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  • August 21st, 2020

UK GAS-Prices mostly fall on oversupply, high wind output

British wholesale gas prices were mostly down on Friday morning due to high wind output denting demand and a long system.

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  • August 21st, 2020

Oil prices steady as producers talk up efforts to rein in supply

Oil prices held steady on Friday and were on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about the pace of economic recovery from the coronavirus pandemic.Oil prices held steady on Friday and were on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about the pace of economic recovery from the coronavirus pandemic.

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  • August 20th, 2020

Oil drops as demand risk rises, U.S. stockpiles fall less than expected

Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected.

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  • August 17th, 2020

EUROPE POWER-Spot prices rise on lower renewable, nuclear generation

Prompt power prices rose in the European wholesale market on Monday as German wind power supply was forecast to dip and French nuclear availability fell as several reactors went offline for maintenance.

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