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Industry News from Energy Services

  • June 23rd, 2017

UK GAS-Rising supply weakens prices, day-ahead power price jumps

British prompt gas prices fell on Friday as flows from Norway increased amid expectations of higher output from domestic fields. ›

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  • June 23rd, 2017

Oil edges up, but still set for worst first half performance in 20 years

Oil edged up on Friday, recovering some of its steep falls earlier in the week, but crude is still set for its worst first-half decline in two decades despite ongoing production cuts. ›

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  • June 22nd, 2017

UK GAS-Gas prices fall on Brent crude downturn, expected LNG arrivals

British wholesale gas prices fell on Thursday morning following Brent crude oil losses and ahead of liquefied natural gas (LNG) arrivals, traders said, despite the undersupplied system and the lower Norway gas flows. ›

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  • June 22nd, 2017

Oil prices fall further with glut concerns persisting

Oil turned lower on Thursday after posting gains earlier in the session as traders look ready to test new lows for crude prices with worries persisting over a global glut. ›

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  • June 21st, 2017

UK GAS-Prompt prices rise in undersupplied market

British wholesale prompt gas prices rose on Wednesday morning as lower imports and domestic production curbed supply. ›

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  • June 21st, 2017

Oil languishes near multi-month lows on glut fears

Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut a global output. ›

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  • June 20th, 2017

UK GAS-Prompt prices rally on supply shortfall

UK prompt gas prices rose on Tuesday due to supply shortfalls as storage sites rebuilt stock levels and reduced flows coming from domestic terminals. ›

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  • June 20th, 2017

Britain’s largest natural gas storage site to close

Centrica will cease storage operations at Rough, Britain’s largest natural gas storage site, the energy supplier said on Tuesday. ›

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  • June 20th, 2017

Oil prices hold near 7-month lows, glut keeps dragging

Oil markets held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices. ›

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  • June 19th, 2017

UK GAS-Prompt prices soar on weak wind power output

Prompt British wholesale gas prices soared on Monday morning, as expectations of lower output from the country’s wind farms boosted demand for gas. ›

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