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Industry News from Energy Services

  • 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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  • September 22nd, 2023

European Gas Futures Ease as Australia LNG Strikes Called Off

European natural gas prices declined as Chevron Corp. and labor unions in Australia agreed to end strikes at major export plants, which roiled the market for more than a month. ›

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  • September 22nd, 2023

Oil prices rise as supply concerns outweigh demand fears

Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further U.S. interest rate hikes could dent demand, but they were still headed for their first weekly loss in four weeks. ›

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  • September 21st, 2023

European Gas Prices Slump as Risks Ease in Norway and Australia

European natural gas prices slumped on signs of easing supply risks in Norway and Australia. ›

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  • September 21st, 2023

Oil falls as US rate hike expectations offset tight supply outlook

Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. ›

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  • September 20th, 2023

Oil falls $1 ahead of Fed rate decision

Oil prices fell nearly $1 on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. ›

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  • September 19th, 2023

European Gas Declines as Supply Risks Ease and Fuel Demand Tepid

European natural gas prices extended their decline as supply risks waned amid muted demand for the fuel. ›

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  • September 19th, 2023

Oil prices rise on supply deficit concerns

Oil prices rose on Tuesday for a fourth consecutive session as weak U.S. shale output spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. ›

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  • September 18th, 2023

Oil climbs on supply concerns, recovery in China demand

Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and by optimism about a recovery in demand in China. ›

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  • September 15th, 2023

Oil set to rise for a third week on strong China economic data

Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record oil consumption bolstered the view that demand in the world’s second-largest crude consumer will continue to surge. ›

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