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Industry News from Energy Services

  • August 22nd, 2023

Oil Holds Loss on Signs of Supply Rebound as Demand Woes Linger

Oil held a modest decline on signs that supply is rebounding while concerns linger about demand in China, the biggest importer. ›

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  • August 21st, 2023

European Gas Prices Soar on Australia LNG Workers’ Ultimatum

European natural gas prices jumped as workers serving a key export project in Australia prepare for a strike that could put a significant dent in global supplies in the run-up to winter. ›

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  • August 21st, 2023

Oil Rises for Third Day as Tighter Market Vies With Demand Risks

Oil rose for a third day as signs the physical market is tightening offset growing demand risks in China and the US. ›

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  • August 18th, 2023

Europe Gas Set for Third Weekly Gain on Australia Strike Jitters

European natural gas futures headed for a third weekly gain as concerns over potential strikes in Australia inject renewed volatility into the market. ›

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  • August 18th, 2023

Oil Heads for Weekly Loss as China Concerns and Rate Angst Flare

Oil headed for its first weekly loss since June as concerns over economic weakness in China and potentially even tighter monetary policy in the US combined to overshadow signs of a solid physical market. ›

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  • August 17th, 2023

Oil Steadies as Traders Take Stock of China Concerns and Fed

Oil steadied after a three-day drop spurred by concerns over the Chinese economy and the possibility of even tighter US monetary policy. ›

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  • August 17th, 2023

Australian state’s move on exports ban could hurt investment, gas producers say

SINGAPORE, Aug 17 (Reuters) – Western Australia’s (WA) decision not to consider exemptions from a ban on exports of natural gas from onshore fields will hurt fresh investments, a group of producers said, as the state looks to secure regional supply and rein in prices. ›

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  • August 16th, 2023

Gas: Volatility persists as market weighs supply risks, full storage

Dutch wholesale gas prices fluctuated on Wednesday morning as traders gauged the impact of full inventories against potential supply disruptions at Australian liquefied natural gas (LNG) facilities and Norwegian maintenance. ›

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  • August 16th, 2023

Oil falls on China worries despite tighter US supply

Oil prices edged down on Wednesday, extending a 1% drop in the previous session, as worries about China’s struggling economy outweighed declining U.S. stockpiles. ›

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  • August 15th, 2023

Oil edges up as China cuts policy rates to support economy

Oil prices edged higher on Tuesday as China unexpectedly cut key policy rates for the second time in three months to shore up a sputtering economic recovery, although sluggish economic out of Beijing put a lid on gains. ›

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