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Energy Services News

  • January 30th, 2019

Oil prices flat, caught between Venezuela supply concerns and gloomy economic outlook

Oil prices held steady on Wednesday, supported by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a darkening outlook for the global economy. ›

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  • January 29th, 2019

Oil gains as U.S. imposes sanctions on Venezuela, global supplies weigh

Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA in a move that may curb the OPEC member’s crude exports, but price rises were capped by ample global supply and signs of a slowing Asian economy. ›

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  • January 29th, 2019

UK GAS-Prices fall on oversupplied system

British wholesale gas prices fell on Tuesday morning as strong imports outstripped rising heating demand, leaving the gas system oversupplied. ›

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  • January 28th, 2019

UK GAS-Prices edge lower on strong imports, high wind power output

British wholesale gas prices edged lower on Monday morning as strong imports from Norway led to healthy supply and forecasts of high output from the country’s wind farms curbed demand. ›

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  • January 28th, 2019

Oil falls on increased U.S. rig count, China industrial slowdown

Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown. ›

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  • January 25th, 2019

UK GAS-Prices fall on oversupply, milder weather

British wholesale gas prices fell on Friday as above-average temperatures after a cold spell reduced demand sharply and led to oversupply in the system. ›

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  • January 25th, 2019

Oil prices climb as U.S. threatens sanctions against Venezuela

Oil prices rose on Friday as turmoil in Venezuela triggered concerns that its crude exports could soon be disrupted. ›

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  • January 24th, 2019

UK GAS-Prices down on milder weather forecasts

British wholesale gas prices fell on Thursday, despite freezing weather across the country, as the temperatures are forecast to rise in the coming days reducing demand for gas for heating. ›

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  • January 24th, 2019

Oil prices dip on worries fuel demand to stall as global growth slows

Oil prices declined on Thursday on lingering concerns that slowing global economic growth may limit fuel demand and after a surprise build in U.S. crude inventories. ›

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  • January 23rd, 2019

UK GAS-Prices rise on undersupply, colder weather

British wholesale gas prices rose on Wednesday morning due to undersupply from reduced domestic production and liquefied natural gas supplies and as colder temperatures raised demand for heating. ›

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