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Industry News from Energy Services

  • June 10th, 2022

British within-day price falls on over supply, interconnector outage

LONDON — British prompt gas prices fell on Friday morning as an outage on the interconnector between Britain and Belgium left Britain struggling to deal with an oversupplied market ›

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  • June 9th, 2022

Oil pares gains as new China lockdown measures emerge

Oil prices gave up early gains on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures, outweighing news of China’s stronger-than-expected exports in May. ›

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  • June 9th, 2022

European Gas Soars as Fire in US Compounds Russia Supply Concern

Europe’s natural gas prices surged after a fire at a large export terminal in the US promised to wipe out deliveries to a market that’s on high alert over tight Russian supplies ›

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  • June 8th, 2022

Oil prices advance on low oil inventories expectation

Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks, while expectations of solid demand in the upcoming driving season also lent support. ›

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  • June 7th, 2022

Oil prices inch higher on relaxed China COVID curbs, tight supplies

Oil prices edged higher on Tuesday on an expected demand recovery in China as the world’s second-biggest economy relaxes tough COVID-19 curbs, and on doubts that a higher output target by OPEC+ producers would ease tight supply. ›

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  • June 7th, 2022

British prompt gas rises on Norway maintenance, Dutch prices ease

British wholesale prompt gas prices rose on Tuesday morning with supply from Norway expected to fall on Wednesday while contracts in the Dutch market eased, as rising storage levels continued to soothe wider concerns over Russian gas flows this winter. ›

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  • June 6th, 2022

UK & EU Gas: Prices mixed amid weak liquidity

British and Dutch wholesale gas prices were mixed on Monday morning amid weak liquidity due to a public holiday in several European cities. ›

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  • June 6th, 2022

Brent climbs over $120/bbl after Saudi Arabia raises crude prices

Oil futures gained on Monday, with Brent rising above $120 a barrel after Saudi Arabia raised prices for its crude sales in July, signalling tight supply even after OPEC+ producers agreed to accelerate output increases over the next two months. ›

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  • June 1st, 2022

Prices fall as concerns over further Russian supply cuts ease

LONDON — British and Dutch wholesale gas prices fell on Wednesday morning, after uncertainty over gas payment in Roubles eased with market players assuming there will be no further supply cuts and after flows to Germany via Nord Stream rebounded ›

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  • June 1st, 2022

Oil firms on EU’s Russian oil ban and end of Shanghai lockdown

Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. ›

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