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Industry News from Energy Services

  • April 26th, 2024

Oil prices on track to snap two-week losing streak

Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. ›

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  • April 25th, 2024

Gas Prices continue upwards trend on Norwegian outages

Dutch and British wholesale gas prices continued an upwards trend for the second session in a row due to outages in Norway which reduced pipeline gas supply. ›

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  • April 25th, 2024

Oil eases as US demand concerns outweigh Middle East fears

Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict risks in the key Middle East producing region. ›

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  • April 24th, 2024

Gas: Prices gain on North Sea outages

Dutch and British wholesale gas prices traded higher on Wednesday morning, as planned and unplanned outages in Norway and Britain tightened the supply picture, offsetting a return to milder temperatures. ›

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  • April 24th, 2024

French Grid Issues Are Causing Power Prices to Soar in Europe

Grid limitations in parts of France are constraining power exports, pushing up prices in neighboring countries. ›

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  • April 24th, 2024

Rising spot LNG prices starting to bite some Asian buyers

There are early signs that the rise in the spot price for liquefied natural gas (LNG) for delivery to Asia to a three-month high is starting to crimp demand from price-sensitive buyers such as India. ›

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  • April 24th, 2024

Oil prices climb amid US stocks decline, Middle East conflict

Oil prices extended gains on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East. ›

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  • April 23rd, 2024

Oil prices stabilise, Middle East tensions remain in focus

Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. ›

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  • April 22nd, 2024

Oil prices fall more than 1% as Iran-Israel tensions ease

Oil prices fell by more than 1% on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities following Israel’s apparently small strike on Iran. ›

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  • 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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