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Industry News from Energy Services

  • April 29th, 2022

Oil extends gains as supply concerns trump China lockdowns

Oil prices rose for a fourth day on Friday as Russian supply disruption fears trumped COVID-19 lockdowns in China, the world’s biggest crude importer, that are weighing on demand. ›

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  • April 29th, 2022

European Gas Declines as Buyers Seek Sanctions Workarounds

Natural gas prices in Europe fell for a second day as buyers looked for ways to keep paying for Russian gas and still avoid busting European Union sanctions. ›

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  • April 28th, 2022

European Gas Falls as Buyers Eye Options to Keep Russian Supply

Natural gas prices in Europe declined as buyers considered options to keep receiving supply from Russia without violating sanctions. ›

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  • April 28th, 2022

Oil falls as China fuel demand concerns linger

Oil prices dropped on Thursday on caution about dwindling fuel demand in China, the world’s biggest oil importer, due to the economic impact of COVID-19 restrictions. ›

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  • April 27th, 2022

European Gas Jumps 24% as Russia Cuts Off Poland, Bulgaria

European gas surged after Russia halted flows to Poland and Bulgaria, escalating regional tensions and delivering a warning to the continent that it’s serious about cutting supplies amid a standoff over fuel payments. ›

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  • April 27th, 2022

Oil extends gains on Russia gas tension, China stimulus hopes

Oil prices extended gains on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Bulgaria and Poland, while hopes of Chinese economic stimulus buoyed the demand outlook. ›

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  • April 26th, 2022

Oil steadies after sharp fall; focus on China growth

Oil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session, as worries over China’s fuel demand were soothed by the central bank’s pledge to support an economy hit by renewed COVID-19 curbs. ›

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  • April 25th, 2022

Oil slides to 2-week lows as Shanghai lockdowns stoke demand worries

Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would hurt global economic growth and demand for fuel. ›

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  • April 22nd, 2022

European Gas Extends Gains Amid Lower Norwegian, Russian Flows

Natural gas prices in Europe extended gains as Norwegian flows plunged further amid planned works, while Russian shipments remained low. ›

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  • April 22nd, 2022

Oil edges higher on concerns over Russia, Libya supply disruption

Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade. ›

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