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Industry News from Energy Services

  • August 30th, 2023

Oil rises on large US stockpile draw, hurricane jitters

Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world’s biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge. ›

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  • August 29th, 2023

What Gas Crisis? Europe’s Best Friend Is Also Its Worst Enemy

n the doldrums of August, the European natural gas market has perked back to life. The risk of strikes in Australia, the world’s largest producer of liquefied natural gas (LNG), was enough to send prices up 50% at one point ›

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  • August 29th, 2023

Oil steadies as demand worries counter supply concerns

Oil prices were little changed on Tuesday as investors weighed the enduring possibility of another U.S. interest rate hike undercutting demand against supply concerns emanating from a hurricane hurtling towards the U.S. gulf coast. ›

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  • August 25th, 2023

Oil gains 1% as investors await Fed news from Jackson Hole

LONDON, Aug 25 (Reuters) – Oil prices jumped more than 1% on Friday as the dollar firmed ahead of an eagerly awaited speech by the head of the U.S. Federal Reserve for hints on the outlook for interest rates. ›

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  • August 25th, 2023

European Gas Trims Weekly Drop With Australia, Norway in Focus

European natural gas prices rebounded on Friday, trimming their first weekly drop this month, with traders weighing further labor talks in Australia and heavy maintenance in Norway. ›

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  • August 24th, 2023

European Gas Prices Slump as Risk of Australian Strike Recedes

European natural gas prices tumbled on signs that a labor dispute at Australia’s biggest liquefied natural gas export plant will be resolved, easing fears about one of three possible strikes in the key exporting nation. ›

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  • August 24th, 2023

Oil slips, US Fed chief’s speech in spotlight

Oil prices slipped on Thursday on disappointing economic data from key economies, with investors awaiting a speech by U.S. Federal Reserve Chair Jerome Powell on Friday for clues on interest rate moves. ›

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  • August 23rd, 2023

European Gas Slides With Australia Strike Talks in Balance

European natural gas prices plunged as traders await the outcome of crucial negotiations to avoid strikes at Australia’s biggest export facility for the fuel. ›

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  • August 23rd, 2023

Oil Edges Lower in Thin Trading Amid Supply Rebound, Demand Woes

Oil posted a modest decline amid signs that supplies are rebounding while concerns linger about demand in China, the world’s biggest crude importer. ›

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  • August 22nd, 2023

European Gas Eases as Woodside Says Strike Talks ‘Constructive’

European natural gas prices eased as Woodside Energy Group Ltd. said it was having “constructive” discussions with workers who are threatening to strike at a key export facility in Australia. ›

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