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Energy Services News

  • November 16th, 2016

Oil prices extend rally, shrug off US stock build

Oil futures rose on Wednesday, shrugging off an industry report that showed an unexpected build in U.S. crude stocks, and adding to gains of nearly 6 percent from the previous session.

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  • November 15th, 2016

UK GAS-Day-ahead price rises on cooler weather forecasts

Prompt British gas prices for day-ahead delivery rose on Tuesday morning as expectations of a dip in temperatures boosted demand. ›

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  • November 15th, 2016

Oil prices rise on falling shale output, renewed hopes of OPEC cut

Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.

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  • November 14th, 2016

Brent Crude Falls to Three-Month Low as Iran Raises Production

Oil sank to a three-month low in London as Iran increased output and U.S. explorers operated the most rigs since February, signaling the persistence of a global supply glut. ›

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  • November 14th, 2016

Oil steady near multi-month lows on OPEC output record, US rig count

Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the U.S. rig count rose again.

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  • November 11th, 2016

UK GAS-Prices dip on oversupply but winter supply fears remain high

British wholesale gas prices edged lower on Friday morning as strong imports created oversupply, but worries about supplies over the winter limited the falls. ›

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  • November 11th, 2016

French power prices for coming weeks up on reactor news

French week 1 baseload power prices were up 15 percent and those for week 2 were up 8 percent on Friday after overnight news of further delays in restarting some of the country’s nuclear reactors triggered replacement purchases. ›

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  • November 11th, 2016

Oil prices fall on persistent fuel supply overhang

Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output. ›

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  • November 10th, 2016

Oil prices rise as markets recover from Trump shock

Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at U.S.

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  • November 9th, 2016

Oil stumbles as Trump stuns markets with White House win

Oil prices tumbled on Wednesday as vote Donald Trump stunned the world by winning the U.S. presidential election, throwing global markets into turmoil in a result reminiscent of June’s Brexit vote.

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