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Industry News from Energy Services

  • November 30th, 2021

Oil falls 3% on jitters over vaccine efficacy

Oil prices tumbled more than 3% on Tuesday after Moderna’s CEO cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial markets and adding to worries about oil demand. ›

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  • November 29th, 2021

Oil rebounds on speculation OPEC+ may pause output increase

Oil prices rebounded on Monday as investors looked for bargains after Friday’s slump and on speculation that OPEC+ may pause an output increase in response to the spread of Omicron, but the mood remained cautious with little known about the new variant. ›

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  • November 26th, 2021

Oil prices slide on concern about new COVID variant

Oil prices recorded their steepest daily fall since July on Friday as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter. ›

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  • November 25th, 2021

EUROPE GAS-Prices mixed on sustained volatility, milder outlook

European and British wholesale gas prices showed a mixed picture on Thursday morning, recovering some earlier losses in a highly volatile market and with signs of milder weather ahead. ›

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  • November 25th, 2021

Oil weakens, focus on OPEC+ response to U.S.-led crude release

Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. ›

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  • November 24th, 2021

EUROPE GAS-Prices mixed, bullish outlook remains

European and British wholesale gas prices were mixed on Wednesday and little changed from the previous day, but bullish sentiment remains in the market on concerns over supply and rising demand for heating as cold weather hits Europe. ›

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  • November 24th, 2021

Oil edges higher as investors sceptical about effectiveness of joint reserve release

Oil prices edged higher on Wednesday, extending gains from the previous day, as investors remained sceptical about the effectiveness of a U.S.-led release of oil from strategic reserves and turned their focus to the next step by oil producers. ›

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  • November 22nd, 2021

EUROPE GAS-Prices head lower for 3rd session amid COVID-lockdown concerns

European and British wholesale gas prices declined on Monday morning for the third session in a row as market players monitored the impact of COVID-related lockdowns on demand, although they said fundamentals still signalled a bullish outlook. ›

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  • November 22nd, 2021

Oil prices off 7-week lows but under pressure as release of reserves eyed

Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the COVID-19 situation in Europe worsened, raising concerns about both oversupply and weak demand. ›

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  • November 19th, 2021

EUROPE GAS-Prices head lower for second day in correction move

European and British wholesale gas prices shed gains on Friday for the second day in a row in correction to the spike it saw earlier this week on Russian supply concerns. ›

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