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Industry News from Energy Services

  • April 19th, 2024

Gas: Prices mixed on Middle East concerns, strong power demand

Dutch and British wholesale gas prices were mixed on Friday morning amid heightened tensions in the Middle East, Norwegian outages and expectations of increased demand from the power sector as wind speeds drop. ›

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  • April 19th, 2024

Oil Erases Advance After Iranian Media Downplays Israel’s Attack

Oil wiped out an earlier sharp jump as Iranian media appeared to downplay the impact of Israeli strikes that followed last weekend’s unprecedented bombardment by Tehran. ›

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  • April 18th, 2024

Oil stabilises after sharp drop on demand concerns, easing of Middle East tension

Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided. ›

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  • April 17th, 2024

Gas: Prices ease slightly but supply risks remain

Dutch and British wholesale gas prices eased on Wednesday morning but were still near their highest levels since January, as the market kept a close eye on potential supply disruptions of liquefied natural gas (LNG). ›

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  • April 17th, 2024

Oil prices dip as demand worries outweigh Mideast supply fears

Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. ›

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  • April 16th, 2024

European Gas Jumps as Israel Vows Response to Iran Attack

European natural gas prices kept rising on Tuesday after top Israeli military officials reasserted that their country has no choice but to respond to Iran’s weekend drone and missile attack. ›

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  • April 16th, 2024

Oil prices rise on China growth, Middle East tensions

Oil prices rose on Tuesday after data showed China’s economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran’s weekend missile and drone attack. ›

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  • April 15th, 2024

Oil prices fall after Iran attack as market draws down risk premium

Oil prices fell on Monday as market participants dialled back risk premiums following Iran’s weekend attack on Israel that the Israeli government said caused limited damage. ›

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  • April 12th, 2024

Oil rebounds on Mideast tensions but set for weekly loss

Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly losses amid expectations of fewer U.S. interest rate cuts this year. ›

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  • April 11th, 2024

Oil prices edge up on escalation in Middle East tensions

Oil prices ticked up during trade on Thursday, after rising a dollar a barrel in the prior session, as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC. ›

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