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Industry News from Energy Services

  • May 23rd, 2017

UK GAS-Prompt prices slip as warm weather curbs demand

Prompt British wholesale gas prices edged lower on Tuesday morning, as warm temperatures curbed demand, leaving the system oversupplied. ›

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  • May 23rd, 2017

Oil prices fall as White House proposes US oil reserve sales

Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country’s strategic oil reserves, even as producer club OPEC and its allies cut output to tighten the market. ›

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  • May 22nd, 2017

UK gas spot price drops 11 percent on warm spell and more supply

British spot gas prices dropped 11 percent on Monday as warmer-than-expected temperatures sapped demand and higher Norwegian deliveries made the system oversupplied. ›

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  • May 22nd, 2017

Oil Extends Gain Toward $51 as Saudis See Output Curbs Into 2018

Oil extended gains toward $51 a barrel as Saudi Arabia said all producers participating in output cuts agree on prolonging the deal through the first quarter of 2018. ›

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  • May 19th, 2017

UK gas prompt softens as Norwegian exports set to rise, demand ebbs

British wholesale gas prices fell on Friday due to lower demand forecasts for next week and expectations of higher Norwegian supply as maintenance at the Troll gas field is set to end. ›

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  • May 19th, 2017

Oil prices climb on hopes output cuts will be extended

Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading for a second week of gains. ›

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  • May 18th, 2017

UK prompt power prices mixed on wind uptick, solar output drop

UK day-ahead power prices moved in opposite directions on Thursday driven by forecasts of falling solar power generation and rising demand and wind output, sources said. ›

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  • May 18th, 2017

Oil down as market stays well supplied despite OPEC cuts

Oil prices slipped on Thursday as the market remained well supplied with crude despite efforts by OPEC and other big exporters to curb production and support prices. ›

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  • May 18th, 2017

UK gas prices rise on short system and lower temperature forecasts

British wholesale gas prices rose on Thursday due to an undersupplied system and expectations of lower temperatures. ›

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  • May 17th, 2017

UK gas prices decline on higher supply, lower exports

British wholesale gas prices declined on Wednesday due to higher supply and lower exports. ›

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