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Industry News from Energy Services

  • January 29th, 2021

UK GAS-Prices mostly rise on expectations of colder snap

British wholesale gas prices were mostly up on Friday morning due to expectations of colder temperatures.

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  • January 29th, 2021

Oil steady as supply cuts offset demand worries on stalled vaccine rollouts

Oil prices were slightly lower in subdued trade on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs of changing supply and demand fundamentals.

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  • January 28th, 2021

Oil falls on COVID-19-induced demand worries, stronger dollar

Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger U.S. dollar weighed on prices.

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  • January 27th, 2021

Oil rises as U.S. crude stockpiles drop, new Chinese COVID-19 cases decline

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, recorded its lowest daily rise in COVID-19 cases in more than two weeks.

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  • January 26th, 2021

UK GAS-Prices ease on milder weather, improving supply

British wholesale gas prices fell on Tuesday morning with temperatures rising to above average levels and an expected rise in Norwegian gas supplies.

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  • January 26th, 2021

Oil falls as U.S. stimulus squabbles, coronavirus surges sour mood

Oil prices dropped on Tuesday as the prospects for the rapid approval of new U.S. economic stimulus waned while increasing new coronavirus infections raised questions over the pace of any recovery in demand. ›

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  • January 25th, 2021

UK GAS-Prices rise as cold weather, lower wind output drives demand

British wholesale gas prices rose on Monday morning as below average temperatures and lower wind output stoked demand.

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  • January 25th, 2021

Oil prices edge up, but impact of lockdowns restrain gains

Oil prices edged up on Monday as a weaker dollar offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb the spike in COVID-19 infections.

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  • January 22nd, 2021

Oil drops 1% as China’s surging COVID-19 cases trigger clampdowns

Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.

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  • January 21st, 2021

UK GAS-Prices mixed on colder weather, higher BBL and IUK imports

British wholesale gas prices were mixed on Thursday morning, with the day-ahead up on colder weather and other contracts down on high BBL and IUK pipeline imports.

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