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Industry News from Energy Services

  • December 10th, 2018

Brent oil rises after deal to cut supply, but 2019 outlook weakens

Brent crude oil futures rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. ›

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  • December 7th, 2018

UK GAS-Prompt up on colder weather forecasts

British gas for next-day delivery edged up on Friday morning due to expectations of colder weather over the weekend and next week.

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  • December 7th, 2018

Oil Extends Losses as OPEC Talks End Without Deal to Curb Output

Oil extended losses near $51 a barrel after OPEC ended talks without a deal on production curbs as its ally Russia refused to commit to the big output cut that Saudi Arabia demanded.

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  • December 6th, 2018

UK GAS-Prices fall on lower carbon; high storage cushions undersupply

British wholesale gas prices fell on Thursday, despite an undersupplied market, following a drop in European benchmark carbon prices and still high storage inventories. ›

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  • December 6th, 2018

Oil’s sharp price drop fuels questions for stock market

U.S. stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting a sign of weakness in global growth at a time they are already weighing when the long economic expansion will end. ›

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  • December 5th, 2018

UK GAS-Prices mostly lower on higher wind output, warmer weather

British wholesale gas prices mostly fell on Wednesday morning as forecasts for higher output from the country’s wind farms and higher temperatures curbed demand. ›

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  • December 5th, 2018

EUROPE POWER-Mild weather, more wind generation weigh on prices

European spot electricity prices for day-ahead delivery and week-ahead contracts tumbled on Wednesday as forecasts showed increased wind power generation and reduced power consumption due to mild weather. ›

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  • December 5th, 2018

Oil prices fall on swelling glut, economic growth concerns

Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts. ›

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  • December 4th, 2018

UK GAS-Prices down on Norway flows boost, milder weather

British wholesale gas prices fell on Tuesday as a sharp increase in flows from Norway created a supply surplus, and as forecasts pointed to a slight increase in temperatures in coming days. ›

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  • December 4th, 2018

Oil prices advance one percent on expectations of OPEC-led output cuts

Oil prices rose by more than 1 percent on Tuesday, extending bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. ›

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