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Industry News from Energy Services

  • May 21st, 2018

Oil prices rise as China, U.S. put trade war ‘on hold’

Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world’s two biggest economies “on hold”.

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  • May 18th, 2018

UK GAS-Contracts dip on warmer weather, price premium over Europe

British wholesale gas prices fell on Friday as warmer weather forecasts for early next week reduced heating demand, domestic output rose and exports to mainland Europe fell. ›

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  • May 18th, 2018

Oil prices firm on OPEC cuts, strong demand and looming Iran sanctions

Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. ›

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  • May 17th, 2018

UK GAS-Prices rise as crude oil nears $80/barrel mark

British wholesale gas prices rose on Thursday, tracking benchmark crude oil contracts higher, and as a cool spell continued and minor outages dented supplies. ›

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  • May 17th, 2018

Oil hits highest since Nov 2014 as Brent edges closer to $80

Oil prices hit their highest level since November 2014 on Thursday, with Brent crude creeping ever closer to $80 per barrel as supplies tighten and demand remains strong. ›

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  • May 16th, 2018

UK GAS-Day-ahead lifted by lower temperatures, wind output

British gas for day-ahead delivery rose on Wednesday morning as a dip in temperatures and lower forecast wind output increased demand but most of the rest of the curve declined on oversupply ›

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  • May 16th, 2018

Oil dips on signs of ample supply despite OPEC cuts, Iran sanctions

Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. ›

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  • May 15th, 2018

UK GAS-Prices mixed on forecasts for warmer Tuesday, colder Wednesday

British prompt gas prices were mixed on Tuesday morning, with revised forecasts for higher temperatures depressing within-day prices and expectations for a cooler Wednesday lifting day-ahead gas. ›

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  • May 15th, 2018

Oil holds gains as markets tighten amid OPEC cuts, Iran sanctions

Oil prices held firm on Tuesday as ongoing production cuts by OPEC and looming U.S. sanctions against Iran tightened the market amid signs of ongoing strong demand. ›

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  • May 14th, 2018

UK GAS-Wholesale prices dip as milder weather drags on demand

British gas prices fell on Monday as weaker commercial and residential demand and rising supply from Norway made the system oversupplied. ›

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