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Industry News from Energy Services

  • July 26th, 2011

Oil Rises as Obama Urges Compromise to Avoid Default

Oil prices rose on Tuesday as President Barack Obama urged Republican and Democratic leaders to reach a fair compromise on raising the United States’s debt ceiling to avoid the first default in the country’s history. ›

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  • July 19th, 2011

Oil Rises on Weaker Dollar, Oil Stocks Eyed

Oil gained on Tuesday, lifted by expectations that inventories in the world’s top consumer fell for a seventh week, while it was also supported by dollar weakness. ›

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  • July 7th, 2011

Oil Holds Above $98 After Inventory Report

Oil futures were higher on Thursday, after a government report showed U.S. crude oil inventories fell last week. ›

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  • July 7th, 2011

UK gas prices to rise on tight LNG market – Goldman

Ongoing tightening of liquefied natural gas (LNG) markets will lead to rising UK gas prices and result in a reconnection between spot markets and oil-indexed prices in Europe, Goldman Sachs said on Thursday. ›

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  • July 6th, 2011

Oil Slips Near $96 on Europe Debt Woes, China Rate Rise

Oil prices fell on Wednesday as China raised interest rates and Moody’s cut Portugal’s credit rating to “junk” status, fuelling fears about the sustainability of global economic recovery. ›

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