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Industry News from Energy Services

  • March 25th, 2022

Gas: Prices mixed in volatile market as Russian imports remain steady

British and Dutch gas prices were mixed on Friday morning as flows from Russia remained steady, but fears remain over possible disruption following Putin’s demand EU nations must begin paying for gas in roubles. ›

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  • March 25th, 2022

Oil slips with some concerns easing over Kazakh supplies

Oil prices slipped on Friday, with some supply concerns easing on expectations that crude exports would resume from Kazakhstan’s CPC terminal, while the European Union remained split on whether to impose an oil embargo on Russia. ›

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  • March 24th, 2022

Gas: Prices rise after Russia requires gas payment in roubles

British and Dutch wholesale gas prices extended gains on Thursday morning on concerns that Russia’s President Putin’s move to seek payment in roubles for gas sold to “unfriendly” countries would exacerbate the region’s energy crunch. ›

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  • March 24th, 2022

Oil prices see-saw amid hopes of Iran deal, supply woes linger

Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in tight markets amid prospects of a new Iran deal. ›

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  • March 23rd, 2022

Gas: Prices rise ahead of EU gas storage proposal

British and Dutch wholesale gas prices rose on Wednesday morning as wind power remains below seasonal normal levels and the European Commission gears up to propose minimum gas storage levels. ›

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  • March 23rd, 2022

Oil rises in volatile trade on supply concerns from Russia sanctions

Oil prices rose on Wednesday amid volatile trading on increasing concerns of global supply tightness from sanctions imposed on Russia, the world’s second-largest oil exporter, and on signs that exports from Kazakhstan may be disrupted. ›

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  • March 22nd, 2022

Oil extends rally as EU members weigh Russian ban, Houthis target Saudi

Oil prices extended gains on Tuesday as some European Union members discussed a potential oil embargo on Russia and attacks by Yemen’s Iran-aligned Houthi group on Saudi energy and water desalination facilities sent jitters through the market. ›

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  • March 21st, 2022

Gas: Prices mixed in volatile trading driven by supply uncertainty

British and Dutch gas prices were mostly up in volatile trading on Monday morning, as broadly steady flows of Russian and higher flows of Norwegian gas failed to relieve concerns of supply cuts and forecasts show cooler weather next week. ›

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  • March 21st, 2022

Oil jumps as EU weighs Russian ban, Saudi refinery output hit

Oil prices jumped more than $3 on Monday, with Brent above $111 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters. ›

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  • March 18th, 2022

Gas: Prices mixed on lower Russian flows, outages, demand outlook

British and Dutch gas prices were mixed on Friday morning amid slightly lower Russian flows through two pipelines, expectations of Norwegian outages and a mixed outlook for demand next week. ›

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