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Industry News from Energy Services

  • April 21st, 2016

UK Gas – Prices rise on lower Norwegian supplies, stronger oil

British gas prices rose on Thursday morning on lower supplies from Norway and rising oil prices, while demand was well above seasonal norm due to cooler weather. ›

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  • April 21st, 2016

Oil Trades Near 5-Month High as U.S. Crude Production Declines

Oil traded near the highest in almost five months and energy companies led equity gains in Asia after U.S. output dropped to the lowest since October 2014 and Iraq said producers plan new output freeze talks as early as next month. ›

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  • April 20th, 2016

UK Gas – Prompt prices rise on higher demand

British prompt gas prices rose on Wednesday morning due to higher demand for gas used in heating systems. ›

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  • April 20th, 2016

Oil Declines as Kuwait Workers End Strike After 3-Day Disruption

Oil fell after Kuwait workers said they would end a strike that disrupted output in OPEC’s fourth-largest producer for three days. ›

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  • April 19th, 2016

Oil prices rise as Kuwait oil strike diminishes supply

Oil prices rose on Tuesday as a strike in Kuwait cut huge amounts of crude out of the supply chain, but analysts said the disruption would be short-lived and that markets would soon refocus on a global supply glut. ›

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  • April 19th, 2016

UK Gas – Prices decline on higher flows through Vesterled

British prompt gas prices declined on Tuesday morning as a surge in flows through the Vesterled pipeline from Norway offset lower flows through Langeled. ›

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  • April 18th, 2016

UK day-ahead power prices rise on wind slump, outages

UK day-ahead power contracts posted gains Monday as a planned outage on the French-UK electricity interconnector and forecasts for decreasing wind supply tightened surplus margins. ›

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  • April 18th, 2016

UK Gas – Prices fall on expected rise in UK flows, drop in oil

British prompt gas prices fell on Monday morning on an expected increase in flows from the UK Continental Shelf and a drop in oil prices after producers failed to agree on an output freeze in Doha on Sunday. ›

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  • April 15th, 2016

UK Gas – Prompt prices fall on higher imports from Norway

British prompt gas prices fell on Friday morning due to higher imports from Norway. ›

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  • April 15th, 2016

Oil Set for Weekly Gain Before Doha Talks as IEA Sees Balance

Oil is poised for a second weekly advance before major suppliers meet in Doha to discuss an output freeze as the International Energy Agency sees a global glut almost vanishing later in the year. ›

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