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Industry News from Energy Services

  • June 28th, 2023

Gas: Prices decline on higher wind, softer consumption forecasts

Dutch and British wholesale gas prices declined on Wednesday morning on higher wind output forecasts, softer consumption and healthy storage levels. ›

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  • June 28th, 2023

Oil rises on large US stock draws, but rate hike fears linger

Oil prices edged higher on Wednesday after industry data showed a larger-than-expected drawdown of U.S. inventories, signalling robust demand from the world’s biggest oil consumer, but the gains were limited by worries over interest rate hikes. ›

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  • June 27th, 2023

European Gas Edges Higher as Market Turns Focus to Hot July

European natural gas rose as traders turned their attention to forecasts for hotter weather next month, which is likely to stimulate demand, even as supply risks remain. ›

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  • June 27th, 2023

Oil rises on supply worries, U.S. summer demand hopes

Oil prices edged higher on Tuesday, spurred by worries about political instability in Russia and possible supply disruptions, as well as U.S. demand hopes ahead of the summer driving season. ›

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  • June 26th, 2023

European Gas Prices Rise as Russian Mutiny Adds to Supply Fear

European natural gas jumped as nervousness over a short-lived rebellion in Russia added to supply fears in an already volatile market. ›

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  • June 26th, 2023

Oil rises on supply concerns fuelled by Russian political turmoil

Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world’s largest producers. ›

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  • June 23rd, 2023

Gas: Prices mostly lower on weak demand

British and Dutch gas prices were mostly lower on Friday morning on weak demand and slightly higher Norwegian exports. ›

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  • June 23rd, 2023

Oil resumes slide on demand worries after UK rate hike

Oil prices fell for a second straight session and were headed for a weekly decline of more than 3% on Friday, as a higher-than-expected interest rate hike in Britain and warnings about looming rate rises in the U.S. ignited concerns over demand. ›

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  • June 22nd, 2023

Gas: Prices ease as high storage levels limit upside

British and Dutch gas prices eased on Thursday morning, as high storage levels limited any gains from lingering uncertainty over the length and extent of outages at Norwegian gas infrastructure. ›

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  • June 22nd, 2023

Oil eases on uncertain demand, market eyes US inventory data

Oil futures dipped on Thursday amid demand fears after the Federal Reserve chairman hinted at further interest rate hikes, while traders awaited official U.S. inventory data following an industry report that showed an unexpected draw in crude stocks. ›

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