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Energy Services News

  • September 10th, 2020

UK GAS-Prices fall on oversupply, weak demand

Prompt British wholesale gas prices fell on Thursday morning as Norwegian supply increased and demand remained subdued.

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  • September 4th, 2020

UK GAS-Prices rise amid improved demand outlook, supply concerns

British wholesale gas prices rose on Friday morning, supported by an improved gas demand outlook and supply concerns. ›

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  • September 3rd, 2020

Oil prices hover around multi-week lows on demand worries

Oil prices were hovering around multi-week lows on Thursday as worries about falling U.S. gasoline demand and sluggish economic recovery from the COVID-19 pandemic dented sentiment. ›

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  • September 2nd, 2020

Oil rises to $46 on U.S. inventory drop, economy hopes

Oil rose to $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of a recovery from the coronavirus pandemic. ›

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  • September 1st, 2020

Oil prices rise 1% as mood on dollar sours

Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows. ›

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  • August 28th, 2020

Oil steady as U.S. producers, refiners avoid worst of storm

Oil prices inched higher on Friday, clawing back narrow losses earlier in the session as a massive storm raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries.

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  • August 27th, 2020

UK GAS-Prices dip on lower demand, robust Norwegian flows

British wholesale gas prices dipped on Thursday morning as Norwegian supply was strong and demand expected to fall as stronger wind is forecast, even though upcoming outages will reduce flows. ›

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  • August 27th, 2020

Oil prices steady as Gulf of Mexico coast braces for Hurricane Laura

Oil prices held steady on Thursday as a massive hurricane in the Gulf of Mexico raced towards the heart of the U.S. oil industry, which has forced oil rigs and refineries to shut down production. ›

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  • August 26th, 2020

Brent prices climb on U.S. output cuts, China trade deal hopes

Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-U.S. trade talks.

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  • August 24th, 2020

UK GAS-Prices rise on low wind, supply drop

British wholesale gas prices rose sharply on Monday morning as low wind power generation and a drop in UK gas supply led to an undersupplied system.

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