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Industry News from Energy Services

  • March 31st, 2022

Gas: Prices mostly up ahead of Russian gas rouble payment mechanism

British and Dutch gas prices were mostly higher on Thursday morning ahead of an expected announcement from Russia unveiling its proposed mechanism for gas payments in roubles. ›

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  • March 31st, 2022

Oil prices dive as U.S. considers record reserves release

Oil prices plunged on Thursday on news that the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near 50-year history of the SPR. ›

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  • March 30th, 2022

Oil rebounds on tight supply, prospects of new Russia sanctions

Oil prices clawed back heavy losses to rise more than 2% on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as signs of progress emerged from peace talks between Moscow and Kyiv. ›

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  • March 29th, 2022

Gas: Prices rise on concerns of supply disruption

British and Dutch gas prices continued their bull run on Tuesday morning amid concerns about supply as Russia and the West continue to be at odds over gas payments in roubles. ›

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  • March 29th, 2022

Oil falls on Ukraine peace talk hopes, China demand fears

Oil prices on Tuesday extended losses from the previous day as Ukraine and Russia headed for peace talks and on concerns about demand as China’s financial hub of Shanghai shut down to curb a surge in COVID-19 cases. ›

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  • March 28th, 2022

Gas: Prices up on colder outlook, eyes on Ukraine-Russia peace talks

British and Dutch gas prices were mostly higher Monday morning on expected colder weather, with market participants eyeing the results of peace talks between Moscow and Kyiv. ›

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  • March 28th, 2022

Oil slumps as Shanghai lockdown exacerbates fear of weaker demand

Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai launched a two-stage lockdown to contain a surge in COVID-19 infections. ›

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  • March 25th, 2022

Gas: Prices mixed in volatile market as Russian imports remain steady

British and Dutch gas prices were mixed on Friday morning as flows from Russia remained steady, but fears remain over possible disruption following Putin’s demand EU nations must begin paying for gas in roubles. ›

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  • March 25th, 2022

Oil slips with some concerns easing over Kazakh supplies

Oil prices slipped on Friday, with some supply concerns easing on expectations that crude exports would resume from Kazakhstan’s CPC terminal, while the European Union remained split on whether to impose an oil embargo on Russia. ›

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  • March 24th, 2022

Gas: Prices rise after Russia requires gas payment in roubles

British and Dutch wholesale gas prices extended gains on Thursday morning on concerns that Russia’s President Putin’s move to seek payment in roubles for gas sold to “unfriendly” countries would exacerbate the region’s energy crunch. ›

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