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Industry News from Energy Services

  • September 27th, 2022

Oil rises as focus turns to possible supply cuts

Oil prices rose more than 1% on Tuesday, after plunging to nine-month lows a day earlier, amid indications that producer alliance OPEC+ may enact output cuts to avoid a further collapse in prices. ›

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  • September 26th, 2022

Oil prices fall for a second day on concerns for expected recession

Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude. ›

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  • September 23rd, 2022

Gas: Prices edge down on higher wind output forecasts

British and Dutch wholesale gas prices edged down on Friday morning amid higher wind output forecasts for next week and lower-than-expected consumption in northwest Europe. ›

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  • September 23rd, 2022

European Gas Heads for Fourth Weekly Loss as Stockpiles Fill Up

Natural gas prices in Europe headed for a fourth weekly loss, as ample supplies of liquefied natural gas help countries fill reservoirs days ahead of the start of the heating season. ›

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  • September 23rd, 2022

Oil prices edge down, recession fears back in focus

Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow’s new mobilisation campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal. ›

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  • September 22nd, 2022

Oil rises as supply fears outweigh recession worries

Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. ›

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  • September 21st, 2022

European Gas Jumps on Winter Risks as Putin Steps Up Ukraine War

European natural gas prices rose as traders assessed the security of winter supply with Russia stepping up its war in Ukraine, even as nations deepened efforts to prevent the energy crisis from snowballing. ›

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  • September 21st, 2022

Oil prices surge more than 2% as Putin mobilises more troops

Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. ›

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  • September 20th, 2022

Europe Gas Falls Again as Nations Step Up Efforts to Ease Crisis

European natural gas prices fell further as politicians intensified efforts to stave off an energy crisis with winter just days away. ›

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  • September 20th, 2022

Oil prices little changed on expectations that Fed rate hike will curb demand

Oil prices steadied on Tuesday on concerns that further U.S. interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world’s biggest oil consumer. ›

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