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Industry News from Energy Services

  • February 26th, 2021

UK GAS-Prices edge higher on colder, less windy forecasts for next week

British wholesale gas prices edged up on Friday morning on expectations of colder temperatures and weaker wind output at the start of next week.

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  • February 26th, 2021

Oil drops 1% on U.S. dollar strength, expectations for supply gains

Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.

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  • February 25th, 2021

UK GAS-Prices edge higher as lower wind power, dip in temperatures boost demand

Prompt British wholesale gas prices edged higher on Thursday morning, with temperatures set to drop and demand expected to rise from power plants.

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  • February 25th, 2021

Oil hovers near 13-month highs as storm hits U.S. output, Fed assures rates staying low

Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay low, and a sharp drop in U.S. crude output last week due to the storm in Texas.

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  • February 24th, 2021

UK GAS-Prices ease as higher supply offsets rise in demand

British wholesale gas prices fell on Wednesday as expectations of improving supply offset higher demand forecasts.

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  • February 24th, 2021

Oil prices slip on surprise build in U.S. crude stocks

Oil prices were lower on Wednesday after industry data showed a surprise build in U.S. crude stocks last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut.

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  • February 23rd, 2021

Oil prices jump more than $1 as U.S. output slow to restart

Oil prices jumped by more than $1 on Tuesday, underpinned by optimism over COVID-19 vaccine rollouts and lower output as U.S. supplies were slow to return after a deep freeze in Texas shut in crude production last week.

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  • February 22nd, 2021

UK GAS-Prices fall on milder weather, healthy supply

The British day-ahead wholesale gas price fell on Monday morning as milder weather forecasts weighed on demand and due to a steady stream of liquefied natural gas (LNG) arrivals.

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  • February 22nd, 2021

Oil prices rise as output in storm-hit U.S. begins slow return

Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder that the supply situation was tight, just as demand recovers from the depths of the COVID-19 pandemic.

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  • February 19th, 2021

Oil drops as investors gauge big chill impact on U.S. refineries, OPEC+ output rise

Oil prices slid more than 1% on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise. ›

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