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Industry News from Energy Services

  • February 22nd, 2016

UK Gas – Wholesale prices rise on colder weather

British wholesale gas prices rose on Monday on an expected increase in gas demand for power generation and heating as temperatures were set to fall this week. ›

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  • February 22nd, 2016

Brent Oil Pares Losses as Russia Sees Output Talks Done by March

Brent oil rose as Russia said talks on an output freeze will be done by March 1, while Nigeria said some countries should have production capped at higher levels. ›

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  • February 19th, 2016

UK Gas – Prices dip on lower demand for power generation and heating

British wholesale gas prices fell on Friday as strong supply from storage sites and liquefied natural gas (LNG) terminals, and softer demand for power generation and house heating, led to an oversupplied system. ›

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  • February 19th, 2016

Oil prices fall on oversupply concerns after US crude stocks hit record

Oil futures fell in Asian trade on Friday as a record build in U.S. crude stocks stoked concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output. ›

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  • February 18th, 2016

UK Gas – Spot prices steady, strong imports from Norway

British gas prices for prompt delivery held steady on Thursday as flows picked up at Total’s St Fergus terminal and Norwegian exports remained strong. ›

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  • February 18th, 2016

Oil prices climb as Iran endorses oil output cap

Crude futures rose in Asian trade on Thursday after Iran welcomed plans by Russia and Saudi Arabia to cap production, although analysts said the move would not lead to any output cuts and Tehran offered no action of its own. ›

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  • February 17th, 2016

UK Gas – Spot prices edge higher on tight supplies

British gas for instant-delivery rose on Wednesday due to an undersupplied transmission network as several terminals cut output while demand for heating stayed high. ›

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  • February 17th, 2016

Oil rises as output talks turn to Iran

Oil prices rose on Wednesday as efforts led by Russia and Saudi Arabia to broker a deal to freeze production levels and ease a global glut turned to Iran, which signalled a tough line. ›

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  • February 16th, 2016

UK Gas – Prices rise as cold weather boosts consumption

British wholesale gas prices rose on Tuesday morning as gas consumption increased due to colder-than-average temperatures. ›

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  • February 16th, 2016

Brent crude pares gains after Qatar says agrees output freeze

Brent crude oil futures pared gains on Tuesday after Qatar’s energy minister said his country had agreed to freeze output at January’s levels, together with Saudi Arabia, Russia and Venezuela. ›

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