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Industry News from Energy Services

  • January 3rd, 2025

European Gas Set for Weekly Gain as Supply Risks Rattle Market

European natural gas prices are poised for a weekly gain as the market grapples with depleting stockpiles and tighter supplies after the loss of Russian flows via Ukraine. ›

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  • January 3rd, 2025

Oil Rally Breaks Crude Out of Tight Range With Technical Support

Oil has broken out of a tight trading range that it’s been stuck in for months, with a breach of a key technical threshold and shrinking US crude stockpiles helping to drive prices higher. ›

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  • January 2nd, 2025

European Gas Rises Following Loss of Russian Flows Via Ukraine

European gas prices advanced on the first trading day of the year as the region braced for freezing winter temperatures without a key source of supply. ›

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  • January 2nd, 2025

Oil Steadies In Year’s First Session With US Stockpiles in Focus

Oil steadied in the first session of the new year as an industry report signaled US crude stockpiles continued to shrink. ›

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  • December 23rd, 2024

European Gas Swings With Clock Ticking for Transit Deal Expiry

European natural gas prices fluctuated near €44 a megawatt-hour with little over a week left until the expiry of a key pipeline transit deal between Russia and Ukraine. ›

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  • December 23rd, 2024

Oil Edges Higher After Weekly Loss With Trump’s Threats in Focus

Oil edged higher after a weekly drop, as traders gauged President-elect Donald Trump’s threat to reimpose US control over the Panama Canal. ›

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  • December 20th, 2024

Oil Heads for Weekly Drop as Dollar Strengthens on Fed Outlook

Oil declined for a second day, extending a weekly decline, as a strengthening US dollar pressured prices. ›

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  • December 19th, 2024

Oil Falls as Dollar Surges on Fed Outlook for Fewer Rate Cuts

Oil edged lower as expectations for fewer interest-rate cuts by the Federal Reserve next year boosted the dollar. ›

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  • December 18th, 2024

Europe Gas Retreats as Slovakia Sees Solution to Ukraine Transit

European natural gas edged lower as Slovakia’s push to keep the fuel coming through Ukraine adds optimism about the region’s supply next year. ›

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  • December 18th, 2024

Oil Halts Two-Day Drop as Report Points to Big US Stockpile Draw

Oil steadied after a two-day drop as an industry report signaled a sizable drawdown in US commercial crude inventories. ›

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