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Industry News from Energy Services

  • March 19th, 2021

UK GAS-Prices fall on more supply, milder weather

British wholesale gas prices fell on Friday morning amid rising supply, milder weather and weaker emissions prices.

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  • March 19th, 2021

Oil steadies after sell-off as demand doubts persist

Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened expectations of any imminent recovery in fuel demand.

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  • March 18th, 2021

Oil’s decline continues as inventories rise, demand recovery clouded

Oil prices declined for a fifth consecutive session on Thursday falling around 1% after official data showed a further increase in U.S. crude and fuel inventories, while the ever-present pandemic clouded the prospects for a demand recovery.

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  • March 17th, 2021

Oil climbs as surprise drop in U.S. crude stocks outweighs European vaccine woes

Oil prices climbed on Wednesday as investors weighed a recovery in U.S. refinery activity as industry data showed U.S. crude stockpiles unexpectedly fell last week against concerns of rocky demand in Europe.

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  • March 16th, 2021

UK GAS-Prices fall on oversupply

British wholesale gas prices fell on Tuesday morning as strong liquefied natural gas (LNG) send-out from terminals buoyed supply.

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  • March 16th, 2021

Oil drops amid rising stockpiles and COVID-19 demand concerns

Oil prices dropped on Tuesday, extending declines to three consecutive days, as rising stockpiles in the United States added to the risks to a demand recovery after countries including Germany and France halted COVID-19 vaccinations.

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  • March 15th, 2021

UK GAS-Prices fall on oversupply, weaker demand from power stations

British wholesale gas prices fell on Monday morning as strong supply, and expectations of lower demand from the country’s power stations, dented prices.

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  • March 15th, 2021

Brent crude heads toward $70 as China energy demand outlook brightens

Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world’s largest oil importer.

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  • March 12th, 2021

UK GAS-Prices fall on increased supply, strong wind output

British wholesale gas prices fell on Friday morning as Norwegian and liquefied natural gas supply increased and wind power output remained strong.

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  • March 12th, 2021

Brent crude eases, but stays near $70 as demand optimism lends support

Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.

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