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Industry News from Energy Services

  • July 15th, 2022

Oil rises on prospects of less aggressive U.S. rate hike

Oil prices rose on Friday amid prospects of a less aggressive U.S. rate hike, although worries about a recovery in demand capped gains. ›

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  • July 13th, 2022

European Gas Holds Gains as Nord Stream Works Put Market on Edge

European natural gas prices gained for a second day as traders remain on edge over what to expect when Russia’s Nord Stream pipeline completes maintenance. ›

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  • July 13th, 2022

Oil edges higher; market wary of U.S. inflation data

Oil edged up on Wednesday, a day after prices fell through $100 a barrel for the first time since April, but gains were limited by caution ahead of U.S. inflation data that could weaken the market. ›

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  • July 12th, 2022

Oil slides as renewed China COVID curbs temper fuel demand outlook

Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world’s biggest crude importer, and fears of a global economic slowdown weighed on the outlook for fuel demand. ›

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  • July 12th, 2022

European Gas Futures Gain Amid Deeper Norwegian Supply Cuts

European natural gas prices rose as much as 3.3% after Norway extended capacity reductions at several facilities that help bring the fuel to Europe. ›

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  • July 11th, 2022

Europe Gas Falls as Return of Key Pipeline Part May Ease Tension

European natural gas fell after Canada said it would return a stranded turbine for a key Russian pipeline to Germany, raising optimism that tensions with Moscow will ease. ›

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  • July 11th, 2022

Oil drops on China COVID worries

Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as markets braced for new mass COVID testing in China potentially hitting demand, a worry that outweighed ongoing concerns about tight supply. ›

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  • July 8th, 2022

Gas: Dutch prices mixed ahead of Nord Stream maintenance

Dutch wholesale gas prices were mixed on Friday ahead of planned maintenance at the Nord Stream 1 pipeline from Russia to Germany which starts on Monday. ›

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  • July 8th, 2022

European Gas Set for Another Weekly Gain on Russia’s Tight Grip

European natural gas prices headed for the longest stretch of weekly gains this year as worries mount about dwindling supplies from Russia. ›

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  • July 8th, 2022

Oil heads for weekly loss as recession fears trump tight supply

Oil slipped in volatile trade on Friday and was heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. ›

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