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Industry News from Energy Services

  • November 30th, 2020

Oil prices fall as OPEC+ members debate 2021 output policy

Oil prices tumbled on Monday on uncertainty about whether OPEC+ would agree to extend large output cuts at talks this week, but vaccine hopes still kept benchmark crudes on track to rise more than a fifth in November.

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  • November 27th, 2020

Oil drops as supply concerns, vaccine doubts sap rally

Oil prices were lower on Friday in quiet trade due to the U.S. Thanksgiving holiday, dropping amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic.

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  • November 26th, 2020

Oil rally stalls despite surprise fall in U.S. stocks

Oil slipped on Thursday, stalling a rally driven by a surprise fall in U.S. crude inventories that added to bullishness over expectations progress on vaccines may end the coronavirus pandemic and revive fuel demand.

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  • November 25th, 2020

UK GAS-Prompt prices rise as temperatures and wind power output fall

British wholesale gas prices rose on Wednesday morning as colder temperatures boosted gas demand for heating and low wind speeds increased demand from power plants.

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  • November 25th, 2020

Oil shrugs off inventory gain amid sustained vaccine rally

Oil rose for the fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.

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  • November 24th, 2020

Brent hits highest since March, spurred by coronavirus vaccine hopes

Brent crude prices hit their highest levels since March as news of a third promising coronavirus vaccine candidate spurred hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.

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  • November 23rd, 2020

Oil prices rise on back of COVID vaccine news

Oil prices rose more than 1% on Monday, extending last week’s gains as traders eyed a recovery in demand due to successful coronavirus vaccine trials.

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  • November 20th, 2020

UK GAS-Prices fall on oversupply, milder weather forecasts

British gas prices across the curve declined on Friday morning amid plentiful supply and milder weather forecasts.

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  • November 20th, 2020

Oil prices little changed, on track for third straight weekly gain

Oil prices were little changed on Friday, on track for a third consecutive weekly rise, but demand concerns stemming from surging coronavirus cases and renewed lockdowns in several countries capped gains.

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  • November 19th, 2020

UK GAS-Day-ahead declines on lower gas-for-power demand forecasts

British day-ahead wholesale gas declined on Thursday morning due to lower gas-for-power demand forecasts, after rising sharply the previous day.

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