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Industry News from Energy Services

  • September 16th, 2022

Gas: Prices fall on stable flow of Norwegian gas, storage buildup

British and Dutch gas prices fell on Friday amid stable Norwegian gas flows and a steady rise in storage levels despite the shutdown of Russian flows via Nord Stream pipeline. ›

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  • September 16th, 2022

European Gas Halts Weekly Advance Amid Push to Ease Crisis

Natural gas prices dropped on Friday, erasing a weekly advance, as the European Union seeks consensus on its plans to ease the worst energy crisis in decades. ›

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  • September 16th, 2022

Oil ticks up, but on track for weekly loss on recession fears

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. ›

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  • September 15th, 2022

Oil dips on weak demand fear, strong dollar

Oil prices drifted lower on Thursday as weak demand concerns over a large build in the crude inventory in the United States plus a strong dollar overtook potential supply disruption as the centre of focus. ›

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  • September 15th, 2022

Europe Gas Rises as Traders Weigh Impact of EU Intervention Plan

Natural gas increased again as traders weighed if Europe’s steps to contain the energy crisis will be enough to curb costs of the fuel after a price cap proposal was ditched for lack of consensus. ›

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  • September 14th, 2022

Europe Gas Steadies as Bloc to Unveil Energy Intervention Plan

Natural gas prices in Europe were little changed, with traders awaiting the energy intervention plan due to be unveiled by the European Commission on Wednesday. ›

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  • September 14th, 2022

Oil prices inch lower on prospect of rising U.S. interest rates

Oil prices inched lower on Wednesday on concerns of another U.S. Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast. ›

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  • September 13th, 2022

Europe Gas Slumps Again as EU Plans Intervention to Fix Crisis

Natural gas prices fell for a third day as the European Union pushes ahead with its market intervention to ease the worst energy crisis in decades. ›

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  • September 13th, 2022

Oil prices rise on concerns over tight supplies

Oil prices rose in volatile trade on Tuesday as worries about tight fuel supplies ahead of winter offset investor concerns about lower demand in China, the world’s biggest crude importer, and further increases in U.S. and European interest rates. ›

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  • September 12th, 2022

European Gas Declines as Bloc Plans Details on Intervention

Natural gas prices fell as the market awaits details of unprecedented intervention by the European Union to halt its biggest energy crisis in decades, which is already destroying demand for the fuel. ›

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