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Industry News from Energy Services

  • November 23rd, 2016

French December power up 9 pct on EDF reactor restart delays

The French power delivery contract for next month rose sharply early on Wednesday on news that utility EDF had postponed the restart of two reactors by a month in an ongoing safety probe that has driven wholesale prices higher. ›

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  • November 23rd, 2016

Oil prices fall on renewed doubts on OPEC-led production cut

Oil prices fell in Asian trade on Wednesday, reversing earlier gains, as doubts re-emerged over whether OPEC would agree to a crude oil production cut at a ministerial meeting next week.

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  • November 22nd, 2016

Oil prices rise in anticipation of planned OPEC-led production cut

Oil prices rose to their highest level since October on Tuesday as the market priced in a potential output cut led by producer cartel OPEC, although analysts warned that a failure to agree a cut could lead to a ballooning supply overhang by early 2017.

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  • November 21st, 2016

Oil prices climb on expectation of OPEC-led output cut

Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.

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  • November 18th, 2016

Oil prices fall as strong dollar wipes out OPEC cut optimism

Oil prices fell on Friday as a strengthening U.S. dollar beat back renewed hope that OPEC might finally agree production cuts.

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  • November 17th, 2016

Oil prices fall on US crude stock build, OPEC remains in focus

Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks.

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  • November 16th, 2016

Oil prices extend rally, shrug off US stock build

Oil futures rose on Wednesday, shrugging off an industry report that showed an unexpected build in U.S. crude stocks, and adding to gains of nearly 6 percent from the previous session.

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  • November 15th, 2016

UK GAS-Day-ahead price rises on cooler weather forecasts

Prompt British gas prices for day-ahead delivery rose on Tuesday morning as expectations of a dip in temperatures boosted demand. ›

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  • November 15th, 2016

Oil prices rise on falling shale output, renewed hopes of OPEC cut

Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.

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  • November 14th, 2016

Brent Crude Falls to Three-Month Low as Iran Raises Production

Oil sank to a three-month low in London as Iran increased output and U.S. explorers operated the most rigs since February, signaling the persistence of a global supply glut. ›

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