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Industry News from Energy Services

  • November 4th, 2022

Oil climbs as dollar slips and supply risks linger

Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. ›

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  • November 3rd, 2022

Gas: Prices rise on high demand and Norwegian outages

British and Dutch wholesale gas prices rose on Thursday morning as consumption increased because of cold weather, with maintenance in Norwegian gas facilities also supporting prices. ›

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  • November 3rd, 2022

Oil falls as Fed rate hike raises fuel demand concerns

Oil slipped on Thursday as a U.S. interest rate hike pushed up the dollar and increased fears of a global recession that would crimp fuel demand, although losses were capped by concerns over tight supply. ›

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  • November 2nd, 2022

European Gas Advances as Supply Risks Counter Muted Demand

European natural gas edged higher as traders weighed potential supply curbs this winter against unseasonably warm weather and muted demand. ›

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  • November 2nd, 2022

Oil prices up on demand hopes after U.S. crude stocks drawdown

Oil prices rose on Wednesday after industry data showed a surprise drop in U.S. crude stocks, suggesting demand is holding up despite steep interest rate hikes dampening global growth. ›

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  • November 1st, 2022

European Gas Declines Again as Warm Weather Postpones Heating

Natural gas prices in Europe fell further as a spell of warm weather delayed the heating season, providing some respite to regional economies on the brink of recession. ›

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  • November 1st, 2022

Oil up more than 1% as weaker dollar offsets China COVID-19 concerns

Oil prices rose more than 1% on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. ›

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  • October 31st, 2022

European Gas Declines as Warm Weather Keeps Demand in Check

European natural gas fell after two days of gains as unseasonably warm weather reduces demand and eases concerns about shortages for the winter. ›

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  • October 31st, 2022

Oil declines over $1 on China COVID curbs, weak factory activity data

Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. ›

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  • October 28th, 2022

Europe Can’t Rely on US Gas to Plug Growing Gap Next Year

Europe has been able to plug the gap left by smaller Russian gas flows with US supplies, but those shipments won’t be able to keep up as the shortfall expands ›

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