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Energy Services News

  • March 4th, 2021

Oil extends gains on prospect of OPEC+ sticking with supply cuts

Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent support, alongside a drop in U.S. fuel inventories.

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  • March 3rd, 2021

UK GAS-Prices decline on forecasts for higher wind output

British wholesale gas prices fell on Wednesday morning as forecasts showed an uptick in wind power generation from tomorrow.

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  • March 3rd, 2021

Oil rises as U.S. vaccine progress raises demand expectations

Oil prices rose on Wednesday as signs of progress in the COVID-19 vaccine rollout in the United States, the world’s biggest consumer, raised demand expectations.

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  • March 2nd, 2021

UK GAS-Prices hold steady on colder weather, low wind output

British wholesale gas prices were little changed on Tuesday morning, as forecasts confirmed an outlook for colder weather and low wind which lifted contracts by around 5% on Monday.

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  • March 2nd, 2021

Oil slides 1% on fears over higher OPEC supply, slower China demand

Oil prices slid more than 1% on Tuesday as expectations that OPEC would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand.

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  • March 1st, 2021

UK GAS-Prices rise on stronger demand, undersupply

British wholesale gas prices rose on Monday morning as an increase in demand for gas for heating and power left the system undersupplied.

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  • March 1st, 2021

Oil prices jump as U.S. House passes huge stimulus bill

Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China’s February factory activity growth capped gains.

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  • February 26th, 2021

UK GAS-Prices edge higher on colder, less windy forecasts for next week

British wholesale gas prices edged up on Friday morning on expectations of colder temperatures and weaker wind output at the start of next week.

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  • February 26th, 2021

Oil drops 1% on U.S. dollar strength, expectations for supply gains

Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.

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  • February 25th, 2021

UK GAS-Prices edge higher as lower wind power, dip in temperatures boost demand

Prompt British wholesale gas prices edged higher on Thursday morning, with temperatures set to drop and demand expected to rise from power plants.

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