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Industry News from Energy Services

  • May 14th, 2018

Oil falls away from multi-year highs on surge in US drilling, Iran sanctions opposition

Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran. ›

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  • May 11th, 2018

UK GAS-Prices dip as supply spikes following outages

British wholesale gas prices fell on Friday as rising production and lower demand for power generation led to oversupply. ›

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  • May 11th, 2018

Oil dips from recent highs on hopes of alternatives to Iran supply

Oil prices dipped on Friday, easing from multi-year highs in the previous session on hopes that alternative supplies could replace a looming drop in Iranian exports from U.S. sanctions. ›

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  • May 10th, 2018

UK GAS-Prices rise on undersupply and higher oil, coal

British wholesale prices rose on Thursday morning as several domestic production outages created undersupply and as higher oil and coal prices providing some upward direction. ›

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  • May 10th, 2018

Oil prices hit highest in years as markets adjust to looming sanctions on Iran

Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market. ›

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  • May 9th, 2018

EUROPE POWER-Germany’s Cal’19 lifted to latest high by fuels, carbon

European year-ahead electricity contracts extended gains on Wednesday with the German Cal’19 hitting a record high, lifted by coal, gas, carbon emission and oil prices. ›

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  • May 9th, 2018

Oil jumps to highest since 2014 after U.S. quits Iran deal

Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs, after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member. ›

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  • May 9th, 2018

UK GAS-Prices rise as U.S. exits Iran nuclear deal

British wholesale prices rose on Wednesday morning, tracking crude oil which jumped to its highest since 2014 after the United States abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the OPEC member. ›

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  • May 8th, 2018

UK GAS-Prices mixed as heatwave retreats

British prompt prices were mixed on Tuesday morning as a heatwave over the long weekend retreated and household consumption forecasts were increased for the coming days.

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  • May 8th, 2018

Oil prices fall as market awaits Trump decision on Iran

Oil prices retreated from three-and-a-half-year highs on Tuesday as investors waited on an announcement by President Donald Trump on whether the United States will reimpose sanctions on Iran.

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