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Industry News from Energy Services

  • October 28th, 2022

Oil falls as China widens COVID curbs; still set for weekly gain

Oil prices fell on Friday after China, the world’s top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of Europe’s pending cut-off of Russian imports. ›

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  • October 27th, 2022

Why are European Gas Prices Falling?

Over the last several months, European benchmark gas prices have been progressively falling toward their pre-Ukraine conflict levels. ›

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  • October 27th, 2022

Oil steadies amid fears over Chinese demand, record U.S. exports

Oil steadied on Thursday following a rally of nearly 3% in the previous session, as concern over slack demand in China balanced optimism from record U.S. crude exports and sign that recession concerns are abating. ›

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  • October 26th, 2022

European Gas Rises as Timelines for Key EU Crisis Measures Slip

European natural gas prices rose as timelines for some key EU measures to contain the energy crisis were pushed back further. ›

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  • October 26th, 2022

Oil prices dip on U.S. crude stock build, supply worries cap losses

Oil prices eased on Wednesday after industry data showed U.S. crude stockpiles rose more than expected, though supply worries capped losses. Brent crude futures for December fell $1.03, or 1.1%, to $92.49 a barrel by 0635 GMT, after settling 26 cents higher in the previous session. ›

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  • October 25th, 2022

Europe’s Inflation Squeeze to Linger Even as Gas Prices Drop

European gas prices are plunging from the peaks reached over the summer, but businesses and households will have to wait for relief from the squeeze from soaring inflation. ›

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  • October 25th, 2022

Oil rises as U.S. dollar loses steam though demand fears linger

Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China. ›

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  • October 24th, 2022

European Gas Slumps to €100 on Mild Weather and Ample Supplies

Natural gas in Europe fell to €100 per megawatt-hour for the first time since June as warm weather, ample stockpiles and EU moves to contain the crisis ease fears over winter shortages. ›

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  • October 24th, 2022

Oil prices drop more than 1% as China demand data disappoints

Oil prices slid more than 1% on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. ›

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  • October 21st, 2022

European Gas Falls as EU Leaders Unite to Back Crisis Measures

Natural gas in Europe declined after leaders came together to back urgent measures, including a price cap, to contain the energy crisis that’s engulfed the economy. ›

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