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Industry News from Energy Services

  • July 21st, 2017

Oil Plods to Weekly Gain as OPEC Faces Dilemma in St. Petersburg

Oil edged toward its second weekly increase as OPEC and its allies prepare to review their plan to clear a global glut that hasn’t worked as they hoped. ›

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  • July 20th, 2017

UK GAS-Prompt prices rise as imports from Norway drop

Prompt British wholesale gas prices rose on Thursday morning, as imports from Norway fell, leaving the British gas system undersupplied. ›

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  • July 20th, 2017

Oil Holds Gain Near $47 After U.S. Stockpiles Extend Declines

Oil held gains near $47 a barrel as U.S. crude and gasoline stockpiles extended declines, easing concerns over a global supply glut. ›

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  • July 19th, 2017

EUROPE POWER-Prompt lifted by renewables forecasts; demand outlook bearish

European spot electricity prices rose on Wednesday, with gains made on the back of lower projected output for wind and solar power capped by a drop in temperatures that is expected to reduce demand for air conditioning, traders said. ›

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  • July 19th, 2017

UK GAS-Prices fall as Norway flows recover and demand dips

British gas prices fell on Wednesday morning thanks to an oversupplied system, with rising Norwegian flows and waning demand for gas-fired power generation. ›

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  • July 19th, 2017

Oil dips on rising U.S. crude inventories, high OPEC supplies

Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high output from OPEC producers revived concerns of a fuel supply overhang. ›

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  • July 18th, 2017

UK day-ahead power prices tread lower on sufficient renewables output

UK day-ahead power prices continued to tread lower for a second session Tuesday amid sufficient renewable supply. ›

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  • July 18th, 2017

UK GAS-Prompt prices mixed with day-ahead up on undersupply

British prompt gas prices were mixed on Tuesday morning, with gas for immediate delivery down after gaining nearly three pence in the previous session and the day-ahead contract up due to undersupply. ›

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  • July 18th, 2017

Oil Lingers Near $46 as U.S. and Libya Seen Boosting Production

Oil traded near $46 a barrel after snapping a five-day gain on concern output in the U.S. and OPEC member Libya is growing just as demand shows signs of improvement. ›

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  • July 17th, 2017

UK GAS-Prompt prices edge higher on undersupply

Prompt British gas prices edged higher on Monday morning, as strong exports to the continent left the British gas system slightly undersupplied. ›

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