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Industry News from Energy Services

  • May 20th, 2016

UK GAS-Spot price dips; forward contracts rise on firmer oil

British spot gas prices fell on Friday in response to an oversupplied transmission system and lower demand. ›

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  • May 19th, 2016

UK GAS-Prices continue to slide on rising supplies, weaker oil

British wholesale gas prices continued to fall on Thursday on an expected increase in domestic supply, strong flows from liquefied natural gas (LNG) terminals and lower oil prices. ›

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  • May 19th, 2016

Oil Extends Drop as Unexpected Stockpile Gain Expands U.S. Glut

Oil extended its decline for a second day as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest level in more than eight decades. ›

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  • May 18th, 2016

UK Gas – Prices fall on rising supplies from Norway, LNG

British wholesale gas prices fell on Wednesday on higher imports from Norway and ample supply from liquefied natural gas terminals, offsetting robust demand from gas-fired power plants. ›

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  • May 17th, 2016

UK Gas – Within-day prices rise in undersupplied market

British within-day gas prices rose on Tuesday morning, as imports from Norway fell and an outage at the Bacton Seal gas terminal cut domestic supply. ›

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  • May 17th, 2016

Oil Advances to Seven-Month High as Supply Losses Tame Surplus

Oil advanced to a seven-month high on forecasts U.S. crude stockpiles declined while supply losses in Canada and Nigeria whittled away the global excess. ›

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  • May 16th, 2016

UK GAS-Prices dip as Norwegian, LNG supply surge weighs

British prompt gas prices slid on Monday as supplies from Norway and liquefied natural gas (LNG) terminals surged while demand was relatively subdued.

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  • May 13th, 2016

UK GAS-Prompt prices edge lower on oversupply

British prompt gas prices edged lower as an increase in imports from Norway left the gas system oversupplied, although the trend could potentially reverse due to a cooler weather outlook, traders said on Friday. ›

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  • May 13th, 2016

Oil Trims Weekly Gain as Surplus Persists Despite Supply Losses

Oil pared its weekly advance as investors weigh supply reductions from the U.S. to Nigeria against the return of some output from Canadian producers after wildfires eased. ›

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  • May 12th, 2016

UK GAS-Prompt prices rise on lower Norwegian imports

British prompt gas prices rose on Thursday morning as imports from Norway dropped, leaving the market undersupplied. ›

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