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Energy Services News

  • May 27th, 2022

Gas Heads for Weekly Loss in Europe as Russian Supply Fears Wane

European natural gas prices headed for a third straight weekly decline as fears over further disruptions to Russian supplies waned.

Benchmark futures fell as much as 4.3%, hitting the low level since the start of the war in Ukraine. Russian shipments are expected to remain stable on Friday, even as flows through one cross-border point in Ukraine remains cut off because of the conflict. ›

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  • May 27th, 2022

Oil on track for weekly rise amid global supply concerns

Oil prices dipped on Friday but stayed near a two-month high, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of an EU ban on Russian oil and the upcoming U.S. summer driving season. ›

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  • May 25th, 2022

Oil prices edge higher on tight supply, firmer demand expectations

Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world’s biggest crude consumer. ›

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  • May 25th, 2022

UK prices fall on weak demand, Dutch prices edge higher

Prompt British wholesale gas prices fell on Wednesday morning as strong output from the country’s wind farms curbed demand for gas from power stations while Dutch prices edged higher amid weaker supply. ›

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  • May 24th, 2022

Oil prices fall on concerns over recession, China COVID curbs

Oil prices fell by more than $1 on Tuesday as concerns over a possible recession and China’s COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season. ›

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  • May 23rd, 2022

Oil firms on tight supply as U.S. driving season looms

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth. ›

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  • May 20th, 2022

Europe Gas Drifts Lower on Stockpile Boost, Stable Russia Flows

Natural gas prices in Europe declined as rising stockpiles and stable Russian supplies countered some risk on Moscow’s new payment rules. ›

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  • May 20th, 2022

Oil falls on uncertainty over fuel demand recovery

Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. ›

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  • May 19th, 2022

European Gas Declines as LNG Imports Help Boost Stockpiles

Natural gas prices in Europe edged lower as liquefied natural gas continued to arrive, helping replenish stock levels and easing concerns over supply. ›

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  • May 19th, 2022

Oil prices recoup early losses on China hopes, global supply fears

Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. ›

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