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Industry News from Energy Services

  • February 5th, 2024

Oil inches up as US plans more strikes in Mideast, Ukraine hits Russian refinery

Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones struck southern Russia’s largest refinery. ›

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  • February 2nd, 2024

Oil gains after OPEC+ maintains output cuts, still heads for weekly losses

Oil prices rose on Friday following a decision by OPEC+ to keep its oil output policy unchanged, although benchmarks were headed for weekly losses amid unsubstantiated reports of a ceasefire between Israel and Hamas. ›

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  • February 1st, 2024

Oil nudges higher, buoyed by rate cut expectations

Oil prices edged up on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new support measures for its embattled property market ›

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  • January 31st, 2024

Middle East Tensions Drive European Gas Higher

European natural gas futures surpassed €30 a megawatt-hour for the first time in two weeks as tensions escalated in the Middle East. ›

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  • January 31st, 2024

Oil falls on weak China data but set for first monthly gain since Sept

Oil prices fell on Wednesday as lacklustre economic activity in China, the world’s biggest crude importer, weighed on sentiment, but prices were set for their first monthly gain since September as broadening Middle East conflicts raised supply concerns. ›

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  • January 30th, 2024

Oil inches up on Middle East concerns; China worries limit gains

Oil prices gained on Tuesday following a more than 1% drop the previous session as escalating geopolitical tensions in major producing region the Middle East fuelled supply concerns. ›

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  • January 29th, 2024

Oil climbs on escalating tensions in Middle East

Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red Sea, hitting a Trafigura-operated fuel tanker. ›

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  • January 26th, 2024

Oil set for weekly gain on U.S. economic growth, Mideast supply concerns

Oil prices eased on Friday but were set for their biggest weekly gain since October as positive U.S. economic growth and signs of Chinese stimulus boosted fuel demand sentiment. ›

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  • January 25th, 2024

Gas: Prices mixed on milder weather, LNG supply concerns

Dutch and British wholesale gas prices were mixed on Thursday morning amid concerns over delayed shipments of liquefied natural gas (LNG), but strong inventories, milder weather and softer demand limited the upside. ›

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  • January 25th, 2024

Oil rises on US crude stock draw, China stimulus hopes

Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes of more stimulus measures and economic recovery. ›

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