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Industry News from Energy Services

  • February 14th, 2017

Oil rises on OPEC-led cuts, but market remains range-bound

Oil rose on Tuesday, supported by an OPEC-led effort to cut output, but rising production elsewhere kept prices within the narrow range that has contained them so far this year. ›

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  • February 13th, 2017

Oil Holds Gains Near $54 as IEA Sees Record OPEC-Cut Compliance

Oil held gains near $54 a barrel after the International Energy Agency said OPEC achieved a record 90 percent initial compliance with its output-cut deal while demand grew faster than expected. ›

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  • February 10th, 2017

Oil Jumps as IEA Sees Record OPEC Cuts Compliance, Rising Demand

Oil jumped as the International Energy Agency said OPEC had achieved record initial compliance of 90 percent with their cuts agreement, while demand grew faster than expected. ›

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  • February 9th, 2017

Oil rises after drop in US gasoline stocks, but market remains bloated

Oil prices rose on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remain under pressure. ›

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  • February 8th, 2017

UK natural gas: Bears remain in control on NBP as March plummets

UK wholesale natural gas prices shrugged off expectations of higher demand in the short term as the March contract continued to be sold due to firmer forecasts of a mild beginning to next month. ›

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  • February 8th, 2017

Oil Declines on Speculation U.S. Supply Gains Will Counter OPEC

Oil fell a third day after industry data showed U.S. crude stockpiles surged, raising speculation rising supply from U.S. shale producers is offsetting cuts by OPEC. ›

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  • February 7th, 2017

UK prompt power prices decline as weak NBP offsets wind drop

UK day-ahead power contracts retreated on Tuesday, halting a three-day winning streak, as a bearish NBP gas market and falling demand offset the bullish impact of plummeting wind generation. ›

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  • February 7th, 2017

Oil prices firm, but kept in range by mixed price signals

Oil firmed on Tuesday after falls the previous session, with markets torn between mixed price indicators that have kept crude range-bound for much of the year. ›

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  • February 6th, 2017

Oil prices edge up on Iran tensions, but rising US drilling caps gains

Oil prices edged up on Monday on fears that new U.S. sanctions against Iran could be extended to affect crude supplies, but markets were capped by further signs of growing U.S. production. ›

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  • February 6th, 2017

Disruption at UK’s Rough gas storage site to extend beyond April

Britain will not be able to inject additional supplies to its largest gas storage site after six of its wells failed tests, delaying a plan to have them back in service by the end of April, operator Centrica Storage Limited (CSL) said. ›

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