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Industry News from Energy Services

  • 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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  • February 18th, 2021

Oil prices climb on fears Texas energy freeze may last for days

Oil prices rallied again on Thursday to hit 13-month highs as concerns that a rare cold snap in Texas could disrupt U.S. crude output for days or even weeks prompted fresh buying. ›

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  • February 17th, 2021

Oil extends rally on Texas supply disruptions

Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week, caused by a historic winter storm in Texas.

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  • February 16th, 2021

Oil prices climb as deep freeze shuts U.S. oil wells, curbs refineries

Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world’s biggest oil producer.

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  • February 15th, 2021

Oil hits 13-month highs on concerns of Middle East tensions

Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus and an easing of lockdowns will buoy fuel demand provided support.

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