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Industry News from Energy Services

  • July 13th, 2023

Oil prices rise on cooling US inflation, China trade data

Oil prices climbed on Thursday after U.S. inflation and economic data sparked hopes that the Federal Reserve may have fewer interest rate hikes in store and Chinese trade figures showed monthly oil imports were the second-highest on record in June. ›

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  • July 12th, 2023

European Gas Falls to Lowest in a Month as Troll Set to Resume

European natural gas prices fell to the lowest level in a month as the giant Norwegian Troll field is set to resume and demand remains subdued. ›

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  • July 12th, 2023

Oil steadies amid economic concerns, higher U.S. crude stocks

Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude stockpiles and economic concerns against planned supply cuts by the world’s biggest oil exporters and hopes for higher global demand. ›

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  • July 11th, 2023

European Gas Prices Trade at Lowest in a Month on Weak Demand

European natural gas prices extended declines for a second day to trade near the lowest levels in a month amid tepid demand for the fuel. ›

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  • July 11th, 2023

Oil rises on OPEC+ cuts, weaker dollar

Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and a weaker dollar. ›

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  • July 10th, 2023

Gas: Prices dip on higher Norwegian exports, bumper stock levels

British and Dutch gas prices mostly edged lower on Monday morning on a stronger supply of gas from Norway and as high gas stocks weighed on the market. ›

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  • July 10th, 2023

Oil eases ahead of China, US data, but OPEC+ cuts limits slide

Oil prices dipped in Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, though expected crude supply cuts from Saudi Arabia and Russia limited losses. ›

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  • July 7th, 2023

Europe Gas Set for Biggest Weekly Drop Since May as Stocks Rise

European natural gas futures are set for the biggest weekly loss since late May as rising inventories and lackluster industrial demand outweigh supply and weather-related risks. ›

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  • July 7th, 2023

Oil heads for second straight weekly gain on resilient demand

Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stocks, offsetting fears of higher U.S. interest rates. ›

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  • July 6th, 2023

Gas: Prices fall on muted demand, return of Norwegian flows

Dutch and British wholesale gas prices were down on Thursday morning amid expectations of increasing gas flows from Norway and reduced industrial demand, while Europe’s storage sites continued to be filled. ›

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