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Industry News from Energy Services

  • January 15th, 2021

Oil slips as Chinese lockdowns, U.S. unemployment data temper gains

Oil prices were lower on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package.

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  • January 14th, 2021

UK GAS-Prices rise on colder weather, weak LNG supply

British wholesale gas prices rose on Thursday morning as tempratures were expected to drop and liquefied natural gas (LNG) supply remained weak.

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  • January 14th, 2021

Oil declines as demand woes overshadow U.S. inventory drop

Oil prices were little changed on Wednesday, supported by a bigger-than-expected drop in U.S. crude inventories but under pressure as rising global COVID-19 cases threatened global fuel demand.

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  • January 13th, 2021

Oil prices extend gains after U.S. inventory drop

Oil prices rose on Wednesday, with U.S. crude gaining for a seventh day, after an industry report showed a further drop in inventories and investors shrugged off worsening developments in the pandemic.

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  • January 12th, 2021

UK GAS-Prices hit fresh over 2-year highs on LNG prices, colder temperatures

British wholesale gas prices soared to fresh more than two-year highs on Tuesday  as colder weather stoked demand and rocketing Asian liquefied natural gas (LNG) prices curbed  supply to Europe.

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  • January 12th, 2021

Oil prices dip on rising virus cases; expected stock draw stems losses

Oil prices slipped on Tuesday as investors remained concerned about climbing coronavirus cases globally, but expectations of a drawdown in crude oil inventory in the United States for a fifth straight week kept losses in check.

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  • January 11th, 2021

UK GAS-Prices hit fresh two-year highs on cold, LNG

British wholesale gas prices on Monday morning rose to their highest levels since  December 2018, buoyed by forecasts of cold weather and competition to attract shipments of liquefied natural gas (LNG).

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  • January 11th, 2021

Oil prices fall on renewed coronavirus concerns as China cases mount

Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China.

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  • January 8th, 2021

Oil hits 11-month highs on Saudi output cut pledge, equities rally

Oil prices on Friday hit 11-month highs and were on track for a strong weekly gain as a rally in global equities fed risk appetite and stoked bullish sentiment following Saudi Arabia’s pledge to cut output.

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  • January 7th, 2021

UK GAS-Prices rise on colder forecasts for second half of month, lower IUK imports

British wholesale gas price rose on Thursday morning as forecasts for the second half of the month showed lower temperatures than previously expected and imports through the InterconnectorUK dropped.

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