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Industry News from Energy Services

  • October 25th, 2018

Oil Resumes Slide on Sinking Stocks And Growing U.S. Inventories

Oil fell near the lowest level in two months as a rout in U.S. stocks prompted investors to flee risk assets and as American crude inventories continued to rise.

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  • October 24th, 2018

Oil extends drop, falling toward $75, on demand worries

Oil fell toward $75 a barrel to its lowest since late August on Wednesday, pressured by concern that demand is weakening and supply ample even as U.S. sanctions loom on oil exporter Iran. ›

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  • October 24th, 2018

UK GAS-Prices up on drop in Norway flows and colder weather

British wholesale gas prices rose on Wednesday, supported by a drop in supplies from Norway, colder weather and weaker wind power generation. ›

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  • October 23rd, 2018

UK GAS-Prices down as wind power generation keeps market oversupplied

British wholesale gas prices fell on Tuesday, as strong wind power generation reduced demand for electricity from gas-fired plants, keeping the market oversupplied despite a dip in flows from Norway. ›

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  • October 23rd, 2018

Oil prices fall as Saudi Arabia pledges to play ‘responsible role’ in market

Oil prices fell on Tuesday after Saudi Arabia said it would play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran’s crude exports that start next month. ›

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  • October 22nd, 2018

EUROPE POWER-Week ahead prices jump on weather, curve dragged down by lower CO2

European OTC power prices for next week leaped on Monday on forecasts of colder weather, which propelled French demand higher, and some longer-than-expected outages at the country’s nuclear reactors. ›

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  • October 22nd, 2018

Brent oil rises back above $80 as Iran sanctions loom

Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month. ›

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  • October 22nd, 2018

UK GAS-Prices fall due to high wind power output

British wholesale gas prices fell on Monday morning as strong wind power output curbed demand from gas plants. ›

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  • October 19th, 2018

UK GAS-Prices up on increased demand

British wholesale gas prices rose on Friday morning on higher demand for gas for heating. ›

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  • October 19th, 2018

Oil up but set for weekly loss on stock build, trade row

Oil prices rose on Friday on signs of surging demand in China, the world’s second-biggest oil consumer, although the market was heading for a second week of losses on concern that trade wars were curbing economic activity and rising U.S. inventories. ›

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