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Industry News from Energy Services

  • October 3rd, 2023

Europe’s November Gas Contract Slumps as Demand Collapses

Natural gas prices in Europe slumped as unusually warm weather destroys demand already eroded by weak appetite from industry. ›

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  • October 3rd, 2023

Oil falls 1% on strong US dollar, mixed supply cues

Oil prices slipped by around 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals. ›

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  • October 2nd, 2023

European Gas Prices Decline as Mild Weather Offsets Supply Risks

European natural gas prices declined as traders weighed supply risks against a mild weather forecast for October. ›

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  • October 2nd, 2023

Oil prices climb as risk appetite grows, focus returns to supply outlook

Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored risk appetite. ›

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  • September 29th, 2023

Oil heads for 2% weekly gain on tight U.S. supply, China demand

Oil prices slipped on Friday but were headed for a gain of 2% for the week driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday. ›

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  • September 28th, 2023

Europe Gas Rises as Outages Crimp Flows Ahead of Heating Season

European natural gas prices advanced as outages continued to weigh on fuel flows while the region’s heating season approaches. ›

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  • September 28th, 2023

Oil prices climb on crude draw, tight global supply

.S. oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States added to worries over tight global supplies from OPEC+ output cuts. ›

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  • September 27th, 2023

Oil prices climb as markets focus on supply tightness

Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a “soft landing” for the U.S. economy. ›

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  • September 26th, 2023

Oil prices slip as high interest rate outlook outweighs tight supply

Oil prices fell on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight. ›

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  • September 25th, 2023

Oil prices rise, tight supply back in focus

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. ›

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