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Industry News from Energy Services

  • July 5th, 2022

Europe Gas Trades Near 4-Month High With Norway, Russia in Focus

European natural gas prices extended gains to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades. ›

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  • July 5th, 2022

Brent oil falls as recession fears increase fuel demand concerns

Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway. ›

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  • July 4th, 2022

European Gas Rises With Norway Strike Adding to Supply Fears

Natural gas prices in Europe advanced as planned strikes in Norway threaten to further tighten a market that’s already reeling from Russia’s supply cuts. ›

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  • July 4th, 2022

Oil prices reverse losses, gain on tight supply concerns

Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession. ›

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  • July 1st, 2022

Oil prices fall on recession fears, on track for third weekly loss

Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. ›

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  • July 1st, 2022

European Gas Set for Third Weekly Rise as Supply Worries Deepen

Natural gas prices in Europe headed for the longest streak of weekly gains this year as a prolonged shutdown of a key export facility in the US further tightens a market that’s already reeling from Moscow’s supply cuts. ›

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  • June 30th, 2022

European Gas Set for Monthly Spike as Russian Cuts Haunt Market

European gas is heading for the biggest monthly gain since September as Russia’s supply cuts put companies under stress and force governments to confront the prospect of major shortages. ›

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  • June 30th, 2022

Oil dips as market weighs supply concerns, fuel stocks build

Oil prices edged lower in volatile trading on Thursday as the market weighed concerns of global supply and a build in U.S. fuel product inventories. ›

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  • June 29th, 2022

Gas: Dutch prices rise as gas storage filling slows

Dutch wholesale gas prices rose on Wednesday morning, with analysts highlighting concerns over slowing European gas storage injections amid curbed Russian gas supplies. ›

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  • June 29th, 2022

European Gas Prices Rise Amid Risk of Further Supply Woes

Natural gas prices in Europe increased on Wednesday amid risks that the supply situation on the continent will deteriorate. ›

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