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Industry News from Energy Services

  • January 5th, 2023

Oil rebounds on weaker dollar; economy concerns cap upside

Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery. ›

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  • January 4th, 2023

Europe Gas Falls Again as Warm Weather Brings Relief for Markets

Natural gas prices in Europe extended declines as warm weather curbs demand and eases pressure on politicians and central bankers. ›

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  • January 4th, 2023

Oil falls again as worries grow over global economy, China COVID cases

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising COVID cases. ›

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  • January 3rd, 2023

European Gas Declines as Persistent Mild Weather Curbs Demand

European natural gas prices declined as persistent warmer-than-normal winter weather reduces demand and eases stress of the region’s energy systems. ›

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  • January 3rd, 2023

Oil recovers from early decline, outlook clouded by China and global economy

Oil prices held in a narrow range on Tuesday, though the outlook for demand was clouded by a weak manufacturing activity survey from China, and a warning from the head of the International Monetary Fund that the global economy faced a tough year ahead. ›

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  • December 22nd, 2022

European Gas Falls Further Amid Mild Weather and Ample Supplies

European natural gas prices fell for a fifth day as temperatures are forecast to be stay mild into the new year while supplies remain plentiful. ›

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  • December 22nd, 2022

Oil rises on tight U.S. stocks as winter blast hits

Oil prices climbed for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States and travel is set to soar for its holiday season. ›

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  • December 21st, 2022

Gas: Prices fall on milder weather, healthy LNG supply

British and Dutch wholesale gas prices fell on Wednesday morning due to milder and windier weather forecasts which should reduce demand for gas and healthy supply from liquefied natural gas (LNG). ›

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  • December 21st, 2022

Oil prices little changed as U.S. crude drawdown offsets China COVID worries

Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising COVID-19 cases in top oil importer China. ›

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  • December 20th, 2022

Oil prices edge higher; China COVID surge limits gains

Oil prices inched higher on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. ›

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