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Industry News from Energy Services

  • March 27th, 2017

UK Gas prices slip as mild weather dampens demand, LNG arrives

British gas prices slipped on Monday as milder weather weighed on demand in an amply supplied network. ›

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  • March 27th, 2017

Oil Drops as Producers Say They Need More Time to Cut Stockpiles

A pledge by crude producers to consider extending their output-cut deal failed to excite oil bulls, with prices dropping as more time was seen needed to trim swollen global stockpiles. ›

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  • March 24th, 2017

Oil edges up as Saudis cut supplies to US, but global glut remains

Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. ›

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  • March 24th, 2017

UK GAS-Mild weather and fresh LNG on horizon weigh on prices

British gas prices fell on Friday as mild temperatures dampened demand and as a steady stream of scheduled liquefied natural gas (LNG) tanker arrivals weighed on sentiment. ›

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  • March 23rd, 2017

UK power: Spot moves in opposite directions on mixed fundamentals

Day-ahead power prices in the UK were little changed to mixed Thursday as weakening wind output and power demand coupled with forecasts for increasing solar output pushed the prompt market in different directions. ›

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  • March 23rd, 2017

UK gas prompt prices edge lower on milder weather forecasts

Prompt wholesale British gas prices edged lower on Thursday morning as temperatures forecasts increased slightly. ›

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  • March 23rd, 2017

Oil Gains as U.S. Fuel Drop Spurs Speculation Crude Glut to Ease

Oil rebounded on speculation record U.S. crude stockpiles that have dragged prices below $50 and undermined OPEC’s output cuts may finally be set to shrink. ›

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  • March 22nd, 2017

Oil prices fall on bloated US crude storage

Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. ›

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  • March 21st, 2017

UK gas prompt prices rise on milder temperatures, lower imports

Prompt British wholesale gas prices rose on Tuesday morning, as milder temperatures led to stronger demand and an unplanned outage cut imports from Norway. ›

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  • March 21st, 2017

Oil prices rise on talk that OPEC could extend supply cut

Oil prices rose on Tuesday on expectations that an OPEC-led production cut to prop up the market could be extended, while strong demand would also work to slowly erode a global fuel supply overhang. ›

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