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Industry News from Energy Services

  • August 14th, 2023

Gas: Prices rise as markets await clarity on possible Australian LNG strikes

Dutch and British wholesale gas prices rose on Monday morning as markets await clarity on whether strikes at Australia liquefied natural gas (LNG) facilities will go ahead. ›

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  • August 14th, 2023

Oil down 1% on strong dollar, China economy worries

Oil prices declined more than 1% on Monday as concerns about China’s faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. ›

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  • August 11th, 2023

Europe Gas Set for Biggest Weekly Gain in Two Months on LNG Risk

European natural gas prices are headed for the biggest weekly gain since June as jitters re-emerge about the continent’s ability to secure enough supplies ahead of winter. ›

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  • August 11th, 2023

Oil prices fall slightly, investors weigh China data against OPEC optimism

Oil prices fell marginally on Friday as investors weighed optimistic demand forecasts from the OPEC producer group against mixed economic data in top importer China. ›

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  • August 10th, 2023

European Gas Swings as Australia LNG Strike Fears Rattle Market

European natural gas fluctuated in a sign of continued market jitters as traders monitor possible industrial action in Australia that could disrupt global supply. ›

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  • August 10th, 2023

Oil firms to multi-month highs, eyes on US inflation data

Oil recouped early marginal losses on Thursday, climbing to multi-month peaks as the market weighed supply tightness concerns with fuel demand worries ahead of key U.S. inflation data. ›

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  • August 9th, 2023

Oil rises as tighter supply offsets China demand concern

Oil edged higher on Wednesday as tighter supply arising from output cuts by Saudi Arabia and Russia offset concerns over slow demand from top crude importer China and a report showing rising U.S. crude inventories. ›

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  • August 8th, 2023

European Gas Prices Swing as Winter Stockpiles Keep Rising

European natural gas fluctuated early Tuesday, with traders weighing ever-rising fuel stockpiles against the risk of supply constraints. ›

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  • August 8th, 2023

Oil prices fall as weak China trade data offsets supply concerns

Oil prices slipped on Tuesday after data showed China’s imports and exports fell much more than expected in July in a further sign of weak growth in the world’s largest oil importer, although losses were limited by expected supply tightness. ›

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  • August 7th, 2023

Oil holds steady near four-month high on OPEC+ cuts

Oil prices edged down on Monday, but were still near their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets further and support prices. ›

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