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Industry News from Energy Services

  • July 25th, 2023

Oil prices steady near 3-month highs

LONDON, July 25 (Reuters) – Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges by Chinese authorities to shore up the world’s second-biggest economy lifted sentiment, while weaker Western economic data weighed.

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  • July 25th, 2023

European Gas Swings With Rising Amounts of LNG Idling at Sea

Liquefied natural gas stored on ships has jumped to the highest levels in over two months in a sign that weak demand and high inventories in Europe are pushing the fuel toward Asian markets. ›

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  • July 24th, 2023

Oil Drops as Likely Fed Hike Weighed Against Tightening Market

Oil fell after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a tighter market. ›

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  • July 21st, 2023

Gas: Prices rise on lower renewables generation, demand remains weak

Dutch and British wholesale gas prices rose on Friday morning on expected lower wind and solar output, but the rise isn’t expected to last as demand remains soft due to strong inventories. ›

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  • July 21st, 2023

Oil ticks up as markets assess falling inventories, potential Chinese stimulus

Brent oil prices rose in Asian trading on Friday, as markets assessed the prospect of economic stimulus in China after weak economic data, falling inventories in the U.S. and supply cuts from key producers. ›

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  • July 20th, 2023

European Gas Falls on Norway Flows With Bearish Mood Picking Up

European natural gas declined as recovering fuel flows from Norway eased supply concerns, with investors becoming more bearish again. ›

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  • July 20th, 2023

Oil steady on lower U.S. crude stocks, cautious demand outlook

Oil prices were little changed on Thursday as a lower-than-expected drop in U.S. crude inventories and a potentially weaker demand outlook kept investors cautious. ›

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  • July 19th, 2023

Europe Gas Falls With Ample Supplies Even as Heat Blankets South

European natural gas prices fell as traders weighed rising storage levels and increased flows from top producer Norway against the impact of extreme heat in southern parts of the continent. ›

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  • July 19th, 2023

Oil perched between demand concerns and supply strains

Global oil prices were little changed on Wednesday as markets weighed U.S. demand concerns against China’s pledge to support economic growth. ›

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  • July 18th, 2023

Gas: Prices rebound slightly ahead of more Norwegian outages

Dutch and British wholesale gas prices rebounded slightly on Tuesday morning as the impact of the restart of the Norwegian Nyhamna gas processing plant faded, and as more maintenance outages are expected in August. ›

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