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Energy Services News

  • June 14th, 2011

European Natural Gas Pipelines Plagued by Uncertainties

Could the plan to build the world’s most expensive natural gas pipeline turn out to be an elaborate bluff? ›

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  • June 14th, 2011

Oil Near One-Month Low on U.S. Outlook, Rebounds After China Economic Data

Oil traded near the lowest in almost a month on speculation fuel demand may falter as the U.S. economy slows, countering signs of rising industrial output in China, the world’s second-largest crude user. ›

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  • June 13th, 2011

Crude Declines in New York, Advances in London to Boost Spread to Record

Crude oil fell in New York and climbed in London, bringing the spread between the U.S. and U.K. benchmarks to a record, as supply disruptions in Libya and the North Sea bolstered demand for the European grade. ›

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  • May 24th, 2011

Crude Oil Rises As Dollar Slips, Goldman Sachs Boosts Brent Price Forecast

Oil rose the most in almost a week in New York as the dollar declined, boosting commodities’ appeal as an alternative investment, and Goldman Sachs Group Inc. and Morgan Stanley increased their oil-price outlooks. ›

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  • May 13th, 2011

Oil Gains Near $100 As Dollar Falls

Oil rose about $1 on Friday, taking benchmark U.S. crude futures back near $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar. ›

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  • May 9th, 2011

Brent Rises After Last Week’s Record Rout

Brent crude rose above $110 a barrel on Monday on a weaker dollar and concerns over global oil supplies, after losing $16 last week in its biggest ever decline in dollar terms. ›

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  • March 22nd, 2011

Oil Falls As Investors Take Profits

Brent dropped by as much as 0.5% today to stay below $115, as investors betting oil prices would rise with western involvement in Libya’s civil war took profits in anticipation of a slowdown in air strikes. ›

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  • February 22nd, 2011

Oil Rises to Two-Year High on Libya Unrest; Goldman Sees Brent at $110

Oil jumped to the highest in more than two years as violence intensified in Libya, stoking concern crude supplies will be disrupted as violence escalates around the Middle East and North Africa. ›

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  • February 16th, 2011

Gas prices will keep going up, but there are ways to keep the costs down

Despite optimism over a shale ‘glut’, gas prices will remain high. Yet the UK is well placed to ensure the lights stay on. ›

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  • February 16th, 2011

Oil Rebounds From 11-Week Low on Libya Unrest, U.S. Crude Supply Decline

Oil rebounded from an 11-week low in New York on signs U.S. stockpiles are shrinking and as political protests in the Middle East spread to Libya and Bahrain. ›

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