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Industry News from Energy Services

  • 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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  • September 12th, 2022

Oil prices drop amid China COVID curbs, possible rate hikes

Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest rate hikes in the United States and Europe. ›

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  • September 8th, 2022

European Gas Slumps Near One-Month Low on Intervention Prospects

European natural gas prices fell to the lowest in almost a month as politicians consider how to intervene in regional markets and rein in an unprecedented energy crisis that is threatening the broader economy. ›

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  • September 8th, 2022

Oil prices climb on tight supply worries

Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become. ›

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  • September 7th, 2022

Oil Hits Lowest Since January as Dollar, Demand Concerns Flare

Oil sank to the lowest since January as the dollar surged to a record and global demand concerns escalated, including in lockdown-hit China. ›

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  • September 7th, 2022

Europe Gas Extends Losses as Politicians Rush to Contain Crisis

European natural gas prices erased earlier gains, with traders weighing supply risks against regional moves to stem the effects of the worst energy crisis in decades. ›

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  • September 6th, 2022

Oil prices inch lower on symbolic OPEC+ output cut

Oil prices edged lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to bolster prices after the market’s recent slide. ›

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  • September 6th, 2022

Gas Drops as Traders Assess Europe’s Moves to Fix Energy Crisis

European natural gas prices eased with politicians scrambling to fix a deepening energy crisis after Moscow switched off its main pipeline to the continent. ›

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  • September 5th, 2022

Europe Scrambles to Respond as Gas Prices Surge: Energy Update

Europe is racing to stave off an energy catastrophe this winter that’s threatening to turn into an economic and financial crisis too. ›

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