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Energy Services News

  • March 11th, 2019

UK GAS-Prices dip on strong wind output

British wholesale gas prices were slightly lower on Monday morning as strong wind power output reduced demand from gas-to-power plants.

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  • March 11th, 2019

Oil gains as Saudi stands by OPEC supply cuts, U.S. rig activity drops

Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.

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  • March 8th, 2019

Oil prices slide on economic slowdown, surging US supply

Oil prices fell on Friday amid growing investor jitters over the global economy, after the European Central Bank (ECB) warned overnight of continued weakness and as fresh data showed Chinese exports and imports slumped last month. ›

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  • March 8th, 2019

UK GAS-Prices edge up on colder weather outlook, sparse LNG supply

British wholesale gas prices edged higher on Friday morning on expectations of colder weather next week and reduced liquefied natural gas supply. ›

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  • March 7th, 2019

UK GAS-Prices fall on LNG flows, strong wind generation

British wholesale gas prices fell on Thursday due to strong wind generation and oversupply in the gas system.

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  • March 7th, 2019

Oil edges up on Venezuela and Iran sanctions, OPEC supply cuts

Oil prices crept up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by record U.S. crude output and rising commercial fuel inventories.

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  • March 6th, 2019

UK GAS-Prices fall on healthy supply, lower demand

British wholesale gas prices fell on Wednesday as warmer weather reduced demand, leaving the system oversupplied.

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  • March 6th, 2019

Oil falls on U.S. inventory build, shale oil output forecasts

Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC-led production cuts.

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  • March 5th, 2019

UK GAS-Prices rise on undersupply, carbon

British wholesale gas prices got a small boost on Tuesday due to a supply deficit in the system and a slight rise in carbon prices. ›

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  • March 5th, 2019

Oil drops as China cuts economic growth target, but OPEC-led cuts support

Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support. ›

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