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Industry News from Energy Services

  • April 17th, 2024

Oil prices dip as demand worries outweigh Mideast supply fears

Oil prices extended losses on Wednesday as worries about global demand due to weak economic momentum in China and a likely rise in U.S. commercial stockpiles outweighed supply fears from heightened tensions in the Middle East. ›

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  • April 16th, 2024

European Gas Jumps as Israel Vows Response to Iran Attack

European natural gas prices kept rising on Tuesday after top Israeli military officials reasserted that their country has no choice but to respond to Iran’s weekend drone and missile attack. ›

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  • April 16th, 2024

Oil prices rise on China growth, Middle East tensions

Oil prices rose on Tuesday after data showed China’s economy grew faster than expected, while heightened tensions in the Middle East also kept markets on edge after Israel said it would respond to Iran’s weekend missile and drone attack. ›

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  • April 15th, 2024

Oil prices fall after Iran attack as market draws down risk premium

Oil prices fell on Monday as market participants dialled back risk premiums following Iran’s weekend attack on Israel that the Israeli government said caused limited damage. ›

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  • April 12th, 2024

Oil rebounds on Mideast tensions but set for weekly loss

Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly losses amid expectations of fewer U.S. interest rate cuts this year. ›

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  • April 11th, 2024

Oil prices edge up on escalation in Middle East tensions

Oil prices ticked up during trade on Thursday, after rising a dollar a barrel in the prior session, as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC. ›

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  • April 10th, 2024

European Gas Prices Through Next Year Rise on Persistent Risks

European natural gas edged higher, with the fuel expected to be more expensive through next winter amid persistent uncertainty about supply risks, including remaining flows from Russia. ›

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  • April 10th, 2024

Oil rises as Middle East worries offset US crude stock buildup

Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories. ›

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  • April 9th, 2024

Gas: Prices decline on strong wind, healthy import levels

Dutch and British wholesale gas prices declined on Tuesday morning on strong wind output and healthy import levels.

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  • April 9th, 2024

Oil prices turn higher as Middle East ceasefire hopes wane

Oil prices rose on Tuesday after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza amid concerns the lingering conflict could potentially disrupt supply from the key Middle East producing region. ›

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