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Industry News from Energy Services

  • May 2nd, 2024

Oil prices rebound on hopes US will replenish strategic reserve

Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the world’s biggest crude consumer, to start replenishing its strategic reserve, putting a floor under prices. ›

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  • May 1st, 2024

UK Gas Prices Fluctuate as Wind Generation Shows Declines

Britain’s natural gas prices fluctuated as wind generation eased, boosting demand for the fossil fuel. ›

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  • May 1st, 2024

Oil falls for a third day on Middle East ceasefire hopes

Oil fell more than 1% on Wednesday, losing ground for a third straight session on hopes of a ceasefire agreement in the Middle East and by rising crude inventories and production in top consumer the United States. ›

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  • April 30th, 2024

Gas: Prices edge higher on lower supply

Dutch and British wholesale gas prices edged higher on Tuesday morning as falling demand due to warmer temperatures was offset by lower liquefied natural gas (LNG) supply and curbed flows of gas from Norway due to maintenance. ›

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  • April 30th, 2024

Oil slips as investors eye Israel-Gaza truce talks, US Fed policy review

Oil edged down on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanding conflict in the Middle East, while worries about the outlook for U.S. interest rates dragged on the market. ›

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  • April 29th, 2024

Gas: Prices fall on mild weather and risk premium erosion

Dutch and British wholesale gas prices fell on Monday morning as demand-sapping warmer weather outweighed the impact of Norwegian outages while there was an easing in concern over wider supply risks that buoyed prices last week. ›

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  • April 29th, 2024

Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

Oil prices were down 1% on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. ›

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  • April 26th, 2024

Oil prices on track to snap two-week losing streak

Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. ›

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  • April 25th, 2024

Gas Prices continue upwards trend on Norwegian outages

Dutch and British wholesale gas prices continued an upwards trend for the second session in a row due to outages in Norway which reduced pipeline gas supply. ›

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  • April 25th, 2024

Oil eases as US demand concerns outweigh Middle East fears

Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict risks in the key Middle East producing region. ›

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