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Industry News from Energy Services

  • May 12th, 2022

Oil slips more than 1% on fears recession may hit demand

Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. ›

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  • May 12th, 2022

European Gas Surges as Russian Moves Spur Supply Worries

European natural gas prices jumped as disruptions to a key transit route through Ukraine and a move by Moscow to retaliate against sanctions ramped up the risk of supply cuts. ›

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  • May 11th, 2022

Europe Gas Prices Swing as Market Weighs Ukraine Transit Risks

European natural gas prices fluctuated as traders weighed a decline in Russian flows through Ukraine against bearish factors including warmer weather and LNG imports. ›

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  • May 11th, 2022

Oil turns higher on looming EU ban on Russian oil

Oil rebounded on Wednesday after plunging nearly 10% over the previous two sessions, buoyed by supply concerns as the European Union works on gaining support for a ban on Russian oil and as major producers warned they may struggle to fill the gap when demand improves. ›

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  • May 10th, 2022

Europe Gas Extends Losses as Steady Supply Counters Russia Risks

European natural gas futures headed for a third day of declines as warm weather and stable supplies keep prices in check despite persistent concerns over fuel flows from Russia. ›

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  • May 10th, 2022

Oil drops as economic worries, strong dollar weigh

Oil prices dropped more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand. ›

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  • May 9th, 2022

European Gas Drops as Russia Tries to Calm Clients Over Payments

Natural gas prices in Europe declined as top supplier Russia tried to reassure buyers that they can keep paying for gas without breaching sanctions. ›

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  • May 9th, 2022

Oil falls on China demand worries, possible EU ban on Russia oil eyed

Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that could tighten global supplies. ›

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  • May 6th, 2022

Oil rises, defying stock market falls as supply concerns persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. ›

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  • May 5th, 2022

Gas: Prices edge up on Russian oil ban concerns, gas payments

British and Dutch wholesale gas prices edged up on Thursday morning amid concerns about a European Union ban on Russian oil, how gas payments will be made later this month and stronger coal prices. ›

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