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Industry News from Energy Services

  • August 17th, 2022

Oil slips to six-month low as recession fears weigh

Oil fell on Wednesday to a six-month low after a brief respite as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. crude and gasoline stocks. ›

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  • August 17th, 2022

European Gas Surges Again as Higher Demand Compounds Supply Pain

Natural gas in Europe rose again, extending a rally as a scorching summer boosts demand while supplies from Russia remain limited. ›

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  • August 16th, 2022

European Gas Jumps Amid Rising Demand and Moscow’s Supply Grip

atural gas extended gains as a scorching summer in Europe triggers higher-than-normal demand, exacerbating an energy crisis that’s threatening to push major economies into recession. ›

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  • August 16th, 2022

Oil extends losses as weak demand outlook lingers

Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. ›

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  • August 15th, 2022

Oil sheds more than $1 as China data disappoints

Oil prices dropped for a second session on Monday as weak China economic data triggered concerns about demand at the world’s largest crude importer ›

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  • August 15th, 2022

European Gas Rises as Heat and Drying Rivers Drive Demand

Natural gas prices in Europe rose as a hot and dry summer dries up rivers in the region and boosts demand in a market that is already reeling from a supply crunch.   ›

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  • August 12th, 2022

Europe Gas Set for Fourth Weekly Gain on Persistent Supply Fears

European natural gas prices headed for a fourth week of gains as the region braces for an even deeper supply crunch over the winter that could push major economies into recession. ›

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  • August 12th, 2022

Oil prices set for weekly climb, but cloudy outlook caps gains

Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. ›

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  • August 11th, 2022

Europe Turns to Gas Even More to Keep the Lights On as Cuts Loom

Natural gas overtook nuclear as the biggest source of power in Europe last month, highlighting the challenge of replacing the fuel ahead of winter when supply will get more scarce. ›

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  • August 11th, 2022

Oil edges lower as supply disruption concerns ease

Oil prices drifted lower on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand. ›

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