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Industry News from Energy Services

  • January 18th, 2019

Oil climbs 1 percent on OPEC output cut, hopes for easing China-U.S. trade tensions

Oil prices rose 1 percent on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply. ›

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  • January 17th, 2019

UK GAS-Prices up as prolonged cold spell begins

British wholesale gas prices rose on Thursday morning as previously forecasted colder temperatures set in, lifting gas demand for heating. ›

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  • January 17th, 2019

Oil prices slip as U.S. crude output nears 12 million bpd

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. ›

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  • January 16th, 2019

UK GAS-Prices rise on expectations of colder weather

British wholesale gas and power prices rose on Wednesday morning due expectations of a cold snap for the rest of this month.

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  • January 16th, 2019

Oil firm as supply cuts point to tighter market despite weakening economy

Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown. ›

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  • January 15th, 2019

UK GAS-Prices firm as colder weather seen later in week

British wholesale gas prices rose on Tuesday as colder weather was expected later this week, although the system was well supplied. ›

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  • January 15th, 2019

Oil prices rise 1 percent amid supply cuts, but economic slowdown dims demand outlook

Oil prices rose by around 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand. ›

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  • January 14th, 2019

Oil falls back to $60 on concerns about China slowdown

Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in fuel demand.

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  • January 14th, 2019

UK GAS-Prices mostly lower on strong supply, high wind power output

British wholesale gas prices were mostly lower on Monday morning as strong supply and forecasts for high wind power output left the system oversupplied.

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  • January 11th, 2019

UK GAS-Prices rise on colder longer-term weather forecasts

British wholesale gas prices rose on Friday due to colder long-term weather forecasts than previously. ›

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