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Industry News from Energy Services

  • October 4th, 2022

Oil prices edge up ahead of OPEC+ meeting to discuss supply cuts

Oil prices edged higher on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday offset concerns about the global economy. ›

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  • October 3rd, 2022

European Gas Slides as EU’s Moves Reduce Risks for This Winter

Natural gas prices in Europe fell amid signs it will be able to navigate this winter as the EU promised more steps to contain the crisis after an initial package was agreed last week. ›

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  • October 3rd, 2022

Oil rebounds 3% as OPEC+ weighs biggest output cut since 2020

Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day, for its biggest reduction since the pandemic, in a bid to support the market. ›

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  • September 30th, 2022

European Gas Prices Swing as EU Ministers Meet to Contain Crisis

Natural gas prices in Europe fluctuated as energy ministers gathered for an emergency meeting for a second time in less than a month in an effort to control a crisis that’s threatening the region’s economy. ›

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  • September 30th, 2022

Oil poised for weekly gain on prospect of OPEC+ output cut, weaker dollar

Oil prices were little changed during Asian trade on Friday, though headed for their first weekly gain in five weeks, underpinned by a weaker U.S. dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5. ›

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  • September 29th, 2022

Europe Gas Eases With Traders Weighing Impact of Pipeline Blasts

European natural gas prices fell after a two-day rally as traders assessed risks to supply over the winter amid heightened tensions with Russia, even as steadily filling inventories ease some nerves. ›

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  • September 29th, 2022

Oil drops on dollar strength, but OPEC+ talks offer support

Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut output. ›

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  • September 28th, 2022

European Gas Jumps as Energy Conflict With Russia Escalates

Natural gas prices in Europe surged after Russia said it may cut off supplies via Ukraine, the last route still delivering the fuel to western Europe. ›

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  • September 28th, 2022

Oil prices fall more than 1% as dollar scales new peak

Oil prices fell more than 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian. ›

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  • September 27th, 2022

European Gas Prices Rise Amid Outages at Idled Russian Pipelines

European natural gas advanced after four days of losses, with traders weighing risks to Russia’s future supplies to the continent against rising stockpiles and steps to reduce demand. ›

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