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Energy Services News

  • November 23rd, 2018

Oil falls to lowest since late 2017 on emerging supply glut, OPEC expected to cut

Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic outlook. ›

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  • November 22nd, 2018

UK GAS-Prices slip as bumper supplies lead to oversupply

Prompt British wholesale gas prices fell on Thursday morning as high imports of liquefied natural gas (LNG) and gas from Norway left the system oversupplied. ›

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  • November 22nd, 2018

Oil dips as U.S. crude stockpiles swell; possible OPEC cuts prevent bigger slide

Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops. ›

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  • November 21st, 2018

Oil claws back some losses after 6-percent plunge, but outlook still weak

Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day’s 6-percent plunge, lifted by a report of an unexpected decline in U.S. commercial crude inventories and record Indian crude imports.

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  • November 21st, 2018

UK GAS-Prices mixed as robust supplies meet rising demand

British wholesale gas prices were mixed on Wednesday, as high send-out rates from liquefied natural gas (LNG) terminals offset strong demand due to low temperatures and falling wind generation.

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  • November 20th, 2018

UK GAS-Prices rise after strong sell-off

British wholesale gas prices rose on Tuesday morning, following a strong sell-off the previous day. ›

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  • November 20th, 2018

Oil prices slip amid broad market sell-off that outweighs expected OPEC cuts

Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to prices earlier in the day from expectations that OPEC will introduce new output curbs. ›

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  • November 19th, 2018

Oil rises for a fourth day, buoyed by OPEC supply plans

Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year. ›

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  • November 19th, 2018

UK GAS-Prices down on increased supplies from Norway, LNG

British wholesale gas prices fell on Monday as increased supplies from Norway and strong liquefied natural gas (LNG) imports oversupplied the system. ›

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  • November 16th, 2018

Oil firms on supply cut talk; still set for sixth weekly loss

Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup recent losses on oversupply concerns that have shaved more than a fifth off the Brent crude benchmark since early October. ›

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