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Energy Services News

  • February 27th, 2018

Oil prices give up earlier gains as rising U.S. supply outweigh signs of demand gains

Oil prices on Tuesday erased earlier gains as investor concerns about rising U.S. oil output offset signs of stronger demand and faith in the ability of OPEC production curbs to curtail supply. ›

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  • February 23rd, 2018

UK GAS-Gas price surges in trading frenzy ahead of cold snap

British wholesale prompt gas prices climbed 50 percent in the week to reach mid-December highs as cold weather forecast, alongside a shortage of gas tankers and low reserves, stoked supply concerns. Dutch spot gas prices also climbed sharply. ›

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  • February 23rd, 2018

Oil slips to $66 a barrel as U.S. output offsets OPEC curbs

Oil slipped to $66 (47.21 pounds)a barrel on Friday, under pressure from concerns that rising U.S. oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs. ›

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  • February 22nd, 2018

UK GAS-Prices rise on demand uplift

British wholesale gas prices were boosted on Thursday by forecasts of colder weather and increased demand from gas retailers looking to secure sufficient supply before the close of the month. ›

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  • February 22nd, 2018

Oil falls as stronger dollar eclipses US inventory drop

Oil prices fell on Thursday, dragged lower by a firmer dollar that offset support from a surprise decline in U.S. crude inventories. ›

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  • February 20th, 2018

UK GAS-Prices rise on cooler weather forecasts, low wind power

British wholesale gas prices rose on Tuesday morning, as forecasts for cooler weather and expectations of low output from wind farms buoyed demand. ›

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  • February 20th, 2018

Oil markets mixed as US crude, Brent move in opposite directions

Oil markets were split on Tuesday, with U.S. crude pushed up by reduced flows from Canada while international Brent prices eased. ›

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  • February 16th, 2018

UK GAS-Prices rise on colder weather forecasts

British wholesale gas prices rose on Friday morning on colder weather forecasts, despite a slightly oversupplied system. ›

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  • February 16th, 2018

U.S. oil hits one-week high as dollar sags; many Asian markets shut

U.S. crude extended gains in subdued trade on Friday as the dollar slipped to a three-year low, with many Asian markets closed for the Lunar New Year holiday. ›

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  • February 14th, 2018

Oil dips on looming oversupply; weak dollar, economic growth provide some support

Oil dipped on Wednesday, squeezed by lingering oversupply including rising U.S. inventories and ample physical flows, though the prospect of Saudi output dropping in March, economic growth hopes and a weaker dollar all combined to cap losses. ›

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