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Industry News from Energy Services

  • December 9th, 2022

Oil bounces on pipeline shutdown, but heads for weekly loss on demand woes

Oil prices bounced higher on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but both benchmarks were headed for a weekly loss on worries over slowing global demand growth. ›

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  • December 8th, 2022

European Natural Gas Prices Surge as Winter Blast Stokes Demand

European natural gas prices jumped for a third session as a blast of unusually cold weather across the northern half of the continent tests its resilience to a historic energy crisis. ›

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  • December 8th, 2022

Oil rebounds on optimism over China’s revamp of COVID protocols

Oil prices rebounded on Thursday amid optimism over China’s easing of anti-COVID measures, recouping losses after slumping to the lowest levels so far this year in the previous session. ›

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  • December 7th, 2022

Europe Gas Prices Swing as Cold Weather Raises Demand Risks

European natural gas prices fluctuated as colder-than-average weather spreads across Europe and sparks jitters over demand. ›

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  • December 7th, 2022

Oil steady as China revival hopes offset Russia uncertainty

Oil futures were little changed in Asia on Wednesday as hopes of improved Chinese demand offset uncertainty about how a Western cap on Russian oil prices would play out, keeping markets on edge after a sharp fall in the previous session. ›

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  • December 6th, 2022

Gas: Prices mixed on cold weather, rise in Norwegian flows

British and Dutch prompt wholesale gas prices were mixed on Tuesday morning with some contracts higher on colder weather and some down due to increased Norwegian exports to Britain. ›

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  • December 6th, 2022

Oil prices climb after Russian crude sanctions kick in

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China’s COVID curbs bolstered the demand outlook. ›

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  • December 5th, 2022

Gas: Prices rise on EDF bidding incident, colder weather

British and Dutch wholesale gas prices rose on Monday morning as a bidding error by French power group EDF tightened the French power market amid cold weather and low wind speeds. ›

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  • December 2nd, 2022

Oil prices could fall without further OPEC+ cut, analysts say

OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but some analysts believe that crude prices could fall if the group does not make further cuts. ›

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  • December 1st, 2022

European Gas Jumps as Lower Temperatures Set to Increase Demand

Natural gas prices in Europe increased with a wave of cold weather set to boost demand and test the region’s preparedness for the winter amid restricted supplies. ›

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