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Industry News from Energy Services

  • October 9th, 2023

Oil prices jump as Middle East violence rattles markets

Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about supplies. ›

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  • October 6th, 2023

Oil prices hold steady, Russia rolls back diesel export ban

Oil prices were stable on Friday but were on course for a week-on-week loss, as demand fears driven by macroeconomic headwinds were compounded by another partial lifting of Russia’s fuel export ban on Friday. ›

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  • October 5th, 2023

European Gas Swings as Tepid Demand Counters Weather Risks

European natural gas prices fluctuated after a brief rebound on Wednesday, as lackluster demand counters concerns about potential cold spells later this month. ›

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  • October 5th, 2023

Oil up after OPEC+ maintains output cuts but shaky demand caps gains

Oil prices inched up on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight, though an uncertain demand outlook capped gains. ›

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  • October 4th, 2023

Europe Gas Prices Halt Slump With Focus on Weather Forecasts

European natural gas futures drifted higher after a steep decline earlier this week, with traders weighing different weather forecasts to gauge fuel needs at the start of the heating season. ›

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  • October 4th, 2023

Oil dips on worries over high interest rate, OPEC+ panel awaits

Oil fell on Wednesday ahead of a panel meeting of OPEC+ ministers, as the market weighed expectations of supply tightness against fears that high interest rates could reduce fuel demand. ›

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  • 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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