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Energy Services News

  • April 12th, 2021

Oil slipped on Monday in thin trading as rising COVID-19 case numbers in some parts of the world kept a lid on prices, even as the Federal Reserve signalled the U.S. economy may soon rebound as vaccinations accelerate.

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  • April 9th, 2021

UK GAS-Prices slightly higher as wind power, LNG flows dip

British wholesale gas prices rose slightly on Friday as a forecast dip in wind power output increased gas demand from power stations and flows of liquefied natural gas (LNG) fell.

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  • April 9th, 2021

Oil prices edge down as investors weigh rising supplies, demand outlook

Oil prices edged down on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic.

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  • April 8th, 2021

Oil falls after U.S. gasoline stocks surge against expectations

Crude prices fell on Thursday after official data showed a big increase in U.S. gasoline stocks, sparking concerns about demand weakening in the world’s biggest oil consumer as crude supplies around the world rise.

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  • April 7th, 2021

Oil prices rise on stronger economic outlook, U.S. stockpile draw

Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell.

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  • April 6th, 2021

Oil rebounds on robust economic data, bargain hunting

Oil prices rose on Tuesday as investors looked for bargains following the previous day’s plunge of more than 4% on rising output from OPEC+ while strong economic data from the United States and China brightened recovery prospects.

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  • April 1st, 2021

Oil gains ahead of OPEC+ meeting on output policy

Crude prices rose on Thursday, recouping some of the previous session’s losses on expectations that a meeting of OPEC and its allies later on Thursday would yield output constraint in the face of resurgent COVID-19 infections in some regions.

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  • March 31st, 2021

Oil prices gain on expectations OPEC+ will keep lid on output

Oil prices rose on the eve of meeting between OPEC and its allies, as investors were betting the producers would largely agree to extend their supply curbs into May.

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  • March 30th, 2021

Oil gains as focus switches to OPEC+ extending output cuts

Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned to an OPEC+ meeting this week where the extension of supply curbs may be on the table amid new coronavirus pandemic lockdowns.

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  • March 29th, 2021

Oil slumps as Suez Canal container ship starts to move

Oil slumped more than 2% on Monday after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week.

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