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Industry News from Energy Services

  • April 25th, 2023

Gas: Prices barely changed on storage, healthy supply

British and Dutch wholesale gas prices were barely changed on Tuesday as forecasts showed cooler weather over the next couple of days, but solid inventories and strong flows of liquefied natural gas (LNG) were bearish drivers. ›

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  • April 25th, 2023

Oil prices stable as investors ponder China demand, rate hikes

Oil prices held steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth. ›

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  • April 24th, 2023

Oil prices fall 1% on uncertainty over global outlook, rate hikes

Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. ›

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  • April 21st, 2023

High LNG stocks in North Asia, weak demand leads to more storage at sea

Volumes of liquefied natural gas (LNG) stored at sea have increased on an annual basis this month, driven by more vessels in Asia amid high inventories and slow spot demand in Japan, China and South Korea, analysts say. ›

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  • April 21st, 2023

Oil dips on recession fears, slower demand

Oil prices eased for the third straight day on Friday and looked set for a hefty weekly loss as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns about a recession and slower global oil demand. ›

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  • April 20th, 2023

Oil falls amid demand concerns and strengthening dollar

Oil prices were down in Asian trade on Thursday as the U.S. dollar strengthened on rate-hike expectations and after recent economic data from the U.S. and China did not do enough to encourage expectations that demand will improve. ›

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  • April 19th, 2023

Oil dips as potential Fed rate hike overshadows falling stocks

Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. ›

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  • April 18th, 2023

European Gas Prices Edge Up as Cool and Calmer Weather Forecast

European natural gas prices moved higher amid a forecast for colder and calmer weather that could boost demand at a time when stockpiles are set to be refilled. ›

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  • April 18th, 2023

Oil edges up as Chinese economic recovery gathers pace

Oil firmed slightly on Tuesday, recovering from a 2% slide in the previous session, as faster than expected economic growth in top crude importer China supported the demand outlook and offset fears over U.S. interest rates. ›

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  • April 17th, 2023

Oil steady as market awaits China GDP data

Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world’s second-largest oil consumer. ›

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