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Industry News from Energy Services

  • February 4th, 2026

Oil prices climb 2% after US shoots down Iranian drone, worries about armed boats

Oil prices climbed about 2% on Tuesday after the U.S. shot down an Iranian drone and armed boats approached a U.S.-flagged vessel in the Strait of Hormuz, stoking concerns that talks aimed at de-escalating U.S.-Iran tensions could be disrupted. ›

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  • February 3rd, 2026

Oil falls on possible US-Iran de-escalation, firm dollar

Oil prices fell 1% on Tuesday, dropping for a second day, as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, while a firmer dollar added downward pressure. ›

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  • February 2nd, 2026

Oil prices fall 5% on US-Iran de-escalation

Oil prices fell nearly 5% on Monday and were heading for the steepest single-session decline in more than 6 months, after U.S. President Donald Trump said Iran was “seriously talking” with Washington, signalling de-escalation with an OPEC member. ›

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  • January 30th, 2026

Europe Gas Set for Biggest Monthly Gain Since 2023 Amid Cold Snaps

European natural gas headed for its biggest monthly gain in at least two years after cold spells and a rapid depletion of fuel inventories upended market sentiment. ›

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  • January 30th, 2026

Oil falls as Trump signals dialogue with Iran over nuclear programme

Oil prices slipped on Friday on signs the U.S. may engage in dialogue with Iran over its nuclear programme, reducing concerns of supply disruptions from a U.S. attack, though prices were on track for large monthly gains as tensions have increased. ›

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  • January 29th, 2026

Oil prices hover around four-month high, buoyed by Iran concerns, weak dollar

Oil prices rose to their highest since ​late September on Wednesday on looming Iran concerns while a weak U.S. dollar lent further support. ›

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  • January 28th, 2026

Oil futures surge 3% a barrel as winter storm slams US output

Oil prices settled 3% higher on Tuesday as producers reeled from a winter storm that hobbled crude production and drove U.S. Gulf Coast crude exports to zero over the weekend. ›

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  • January 27th, 2026

Oil prices settle lower as traders assess impact of winter storm on production

Oil prices settled slightly lower on Monday after climbing more than 2% in the previous session as investors assessed the impact on output in U.S. crude-producing regions from winter storms and the impact of any tensions between the U.S. and Iran. ›

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  • January 26th, 2026

‘Violent’ Price Spike Rocks Gas Traders Who Made Bad Winter Bets

Prices jump in the US and Europe, as cold weather drives up demand and threatens supplies. ›

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  • January 26th, 2026

Oil prices rise as harsh winter disrupts US output

Oil prices rose on Monday after climbing more than 2% in the previous session, due to production disruptions in major U.S. crude-producing regions. ›

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