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Energy Services News

  • February 15th, 2021

Oil hits 13-month highs on concerns of Middle East tensions

Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a U.S. stimulus and an easing of lockdowns will buoy fuel demand provided support.

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  • February 12th, 2021

UK GAS-Prices mixed with temperatures on the rise

British wholesale gas prices were mixed on Friday morning, with cold temperatures propping up the within-day contract but forecasts of warmer weather curbing future demand.

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  • February 12th, 2021

Oil loses more steam after OPEC reduced demand forecast

Oil prices dropped for a second day on Friday, pulling further back from a one-year high after OPEC again lowered its demand forecast and the International Energy Agency said the market was still over-supplied.

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  • February 11th, 2021

Oil drops after strong rally as talk of slower recovery weighs

Oil prices fell on Thursday, giving up some of the recent strong gains on expectations of slower economic recovery and speculation that the market’s strength could tempt producers like Saudi Arabia to reduce output by less.

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  • February 10th, 2021

UK GAS-Prices extends losses on oversupply, milder forecasts

British wholesale gas prices fell on Wednesday as healthy flows of liquefied natural gas (LNG) boosted supplies and milder weather was forecast from next week.

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  • February 10th, 2021

Oil price rally falters despite unexpected drop in U.S. inventories

Oil prices slipped on Wednesday, threatening to end the longest rally in two years as investors shrugged off industry data showing a fall in U.S. crude oil stocks that added to optimism about an expected rise in global fuel demand.

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  • February 9th, 2021

Oil climbs to 13-month highs on output cuts, demand recovery hopes

Oil prices advanced on Tuesday to their highest in 13 months, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets.

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  • February 8th, 2021

Brent strikes $60/bbl as supply cuts, stimulus hopes boost prices

Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand.

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  • February 5th, 2021

UK GAS-Prices rise with colder weather set to return

British wholesale gas prices rose on Friday, as forecasts for colder temperatures boosted demand for gas for heating.

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  • February 5th, 2021

Oil hits highest in a year on growth hopes, OPEC+ cuts

Oil hit its highest level in a year above $59 a barrel on Friday supported by hopes of a quicker economic revival and supply curbs by OPEC and its allies.

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