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Industry News from Energy Services

  • February 12th, 2016

US crude surges 11% on output-cut hopes, short covering

Oil prices jumped more than 11 percent at their peak on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. ›

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  • February 12th, 2016

Oil prices jump but weekly losses and physical excess loom

Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. ›

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  • February 12th, 2016

UK Gas – Prompt prices down on ample supply

British prompt wholesale natural gas prices declined on Friday morning as supply outweighed demand. ›

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  • February 11th, 2016

UK Gas – UK prompt prices edge higher on heating demand

British prompt wholesale natural gas prices edged higher on Thursday as colder temperatures pushed heating demand higher, while the system remained oversupplied. ›

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  • February 11th, 2016

Oil prices fall on U.S. storage glut, ongoing economic woes

Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half of the year. ›

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  • February 10th, 2016

European Power – Forward prices hit new lows after oil slump

European forward power prices fell to new lows on Wednesday as the oil market slump that has battered prices in the energy sector showed few signs of a meaningful recovery. ›

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  • February 10th, 2016

UK Gas – Prices decline on oversupply as domestic production rises

British wholesale natural gas prices declined on Wednesday morning due to oversupply, as domestic production rose after the end of terminal and pipeline maintenance. ›

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  • February 10th, 2016

Oil prices rebound from sharp selloff; more volatility expected

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session on concerns over demand and weak equities. ›

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  • February 9th, 2016

UK Gas – Day-ahead firms on stronger demand outlook

British within-day gas prices were little changed on Tuesday as rising supply from LNG terminals left the system oversupplied, while day-ahead prices firmed on a colder weather outlook. ›

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  • February 9th, 2016

Oil prices rise, US crude shrugs off equity slump

Crude oil prices rose on Tuesday, with U.S. crude shrugging off big drops in Japan’s stock market and eroding some of the previous session’s losses that were driven by festering concerns about global oversupply. ›

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