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Industry News from Energy Services

  • September 15th, 2016

Oil Holds Below $44 as Libya, Nigeria Seen Adding to Oversupply

Oil held below $44 a barrel amid speculation the global crude glut will expand as OPEC members Libya and Nigeria prepare to boost exports within weeks. ›

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  • September 14th, 2016

UK Gas – Prices fall on continued oversupply

British prompt gas prices mainly fell on Wednesday due to an oversupplied network as storage sites struggled to mop up continued high flows from liquefied natural gas (LNG) terminals. ›

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  • September 14th, 2016

Brent Crude Trades Near Lowest in Week as Glut Seen Persisting

Brent crude traded near the lowest close in more than a week on speculation the global glut will persist longer than previously forecast. ›

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  • September 13th, 2016

UK Gas – Prompt prices rise as Norwegian imports fall

Prompt British gas prices rose on Tuesday morning as imports from Norway through the Langeled pipeline fell. ›

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  • September 13th, 2016

Oil Declines as U.S. Crude Stockpiles Seen Expanding Oversupply

Oil declined before weekly U.S. government data forecast to show crude stockpiles rose and the International Energy Agency changed its view on the global oversupply, seeing a glut persisting into 2017. ›

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  • September 12th, 2016

UK Gas – Prompt prices drop on high imports, mild weather

Prompt British gas prices fell as much as 12 percent on Monday morning as an increase in imports from Norway, looming liquefied natural gas (LNG) supply and warm weather weighed on the market. ›

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  • September 12th, 2016

Oil Extends Decline as U.S. Producers Ramp Up Drilling Amid Glut

Oil extended declines following the biggest drop in more than a month after U.S. producers increased drilling as the market contends with an overhang of crude and fuel inventories. ›

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  • September 9th, 2016

UK Gas – Oversupply weighs on within-day prices, day-ahead gains

British gas prices for immediate delivery fell on Friday morning as increased domestic supply coincided with high output from wind power turbines which reduced gas demand. ›

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  • September 9th, 2016

Oil Trims Weekly Gain as U.S. Stockpile Plunge Seen as One-Off

Oil trimmed its weekly gain after the biggest U.S. stockpile slump in 17 years was seen as a one-off caused by a tropical storm that disrupted imports and offshore production. ›

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  • September 8th, 2016

UK day-ahead power prices slide on higher renewables

UK day-ahead power prices dropped lower for the second consecutive day on Thursday, with the baseload contract erasing nearly 9% in value, as higher renewables expectations and decreasing power demand weighed on the prompt. ›

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