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Industry News from Energy Services

  • January 31st, 2022

EUROPE GAS-Prices fall on strong renewables output

British and Dutch gas prices fell on Monday as gas-for-power demand decreased due to stronger wind output and an outlook for higher temperatures. ›

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  • January 31st, 2022

Oil hovers near 7-year highs, headed for best month since Feb 2021

Oil rose more than 1% on Monday to the near 7-year highs hit in the previous session, while supply concerns and political tension in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. ›

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  • January 28th, 2022

EUROPE GAS-Prices firm on Norwegian field outage, Russian supply worries

British and Dutch gas prices firmed on Friday morning amid a drop in Norwegian supplies, lower Russian gas flows to Europe and persistent wider concerns about gas supplies in the event of sanctions if Russia invades Ukraine. ›

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  • January 28th, 2022

Oil heads for sixth weekly gain amid supply concerns

Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. ›

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  • January 27th, 2022

Oil falls as looming U.S. rate hikes spook investors

Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world’s biggest oil user. ›

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  • January 26th, 2022

Oil prices edge up on Russia-Ukraine tension; Fed, EIA data eyed

Brent crude edged up on Wednesday as geopolitical tensions in Europe and the Middle East raised supply concerns while investors locked in profits ahead of updates from the U.S. Federal Reserve and U.S. oil inventory data. ›

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  • January 25th, 2022

Oil prices rebound as growing geopolitical tensions fuel supply fears

Oil prices bounced back on Tuesday, recovering some of the previous day’s losses, as growing tension in Eastern Europe and the Middle East fuelled concerns over possible supply disruptions. ›

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  • January 24th, 2022

EUROPE GAS-Prices rise on Russia-Ukraine conflict concerns

British and Dutch gas prices rose on Monday morning, buoyed by rising tensions over a possible Russian invasion of Ukraine. ›

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  • January 24th, 2022

Oil prices rise on supply fears amid tensions in Eastern Europe, Middle East

Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output. ›

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  • January 21st, 2022

EUROPE GAS-Prices mixed on higher Norwegian flows, weather, war risk

British and Dutch gas prices were mixed on Friday morning with some contracts down on higher Norwegian exports and rising temperatures but some up amid concerns about Russia and Ukraine tensions. ›

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