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Industry News from Energy Services

  • August 25th, 2022

Oil prices rise on potential OPEC+ supply cuts; BP shuts U.S. refinery units

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a U.S. refinery. ›

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  • August 23rd, 2022

European Gas Prices Swing as Winter Supply Fears Stalk Market

Natural gas prices fluctuated amid further signs that soaring energy costs are crippling economic output, heaping pressure on politicians to resolve the crisis with winter approaching. ›

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  • August 23rd, 2022

Oil climbs as tight supply moves back into focus

Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices and the prospect of a drop in U.S. crude inventories. ›

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  • August 22nd, 2022

Europe Gas Jumps as Latest Russian Cut Plan Stokes Supply Fears

European gas prices surged after Moscow’s move to shut a major pipeline ramped up fears of a prolonged supply halt, leaving Germany once again guessing as to how much Russian fuel it can count on this winter. ›

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  • August 22nd, 2022

Oil slumps on fears over economic slowdown, stronger dollar

Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive U.S. interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. ›

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  • August 19th, 2022

Oil Set for Weekly Loss as Slowdown Concerns Offset US Demand

Oil is heading for a weekly loss as lingering concerns over an economic slowdown overshadowed signs of improving US demand. ›

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  • August 19th, 2022

Gas Heading for Another Weekly Rise Intensifies Europe’s Pain

Natural gas in Europe headed for the longest run of weekly gains this year, intensifying the pain for industries and households, and threatening to push economies into recession. ›

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  • August 17th, 2022

Oil slips to six-month low as recession fears weigh

Oil fell on Wednesday to a six-month low after a brief respite as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. crude and gasoline stocks. ›

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  • August 17th, 2022

European Gas Surges Again as Higher Demand Compounds Supply Pain

Natural gas in Europe rose again, extending a rally as a scorching summer boosts demand while supplies from Russia remain limited. ›

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  • August 16th, 2022

European Gas Jumps Amid Rising Demand and Moscow’s Supply Grip

atural gas extended gains as a scorching summer in Europe triggers higher-than-normal demand, exacerbating an energy crisis that’s threatening to push major economies into recession. ›

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