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Industry News from Energy Services

  • July 18th, 2023

Oil steadies as investors digest China gloom, eye US crude supplies

Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. ›

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  • July 17th, 2023

European Natural Gas Prices Slump as Key Norway Maintenance Ends

European natural gas prices slumped as supplies from Norway soared due to the completion of major maintenance. ›

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  • July 17th, 2023

Oil down 1% on weak China GDP data, resumption of Libya output

Oil prices extended their decline into a second session on Monday after China’s second-quarter growth came in weaker than expected, fuelling concern about demand in the world’s No. 2 oil consumer, while Libya resumed production on the weekend. ›

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  • July 14th, 2023

European Gas Prices Head for Biggest Weekly Loss of the Year

European natural gas prices are poised for their biggest weekly drop this year as the region continues to fill up its storage facilities and demand for the fuel remains lackluster. ›

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  • July 14th, 2023

Oil set for third straight weekly gains on tight supply

Oil prices were set to post their third straight week of gains for the first time since April despite falling slightly on Friday, due to broader supply concerns over disruptions in Libya and Nigeria, and hopes of higher U.S. crude demand amid cooling inflation. ›

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  • 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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