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Industry News from Energy Services

  • April 4th, 2023

Oil posts gains while attention shifts to demand side

Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact of higher prices on the global economy. ›

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  • April 3rd, 2023

Gas: Prices edge up on colder weather, lower wind

British and Dutch gas prices rose on Monday morning as colder weather forecasts and lower wind speeds increased demand and market players remained concerned over hydro levels ahead of summer. ›

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  • April 3rd, 2023

Oil surges as OPEC+ surprise output cuts shake markets

Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production jolted markets. ›

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  • March 31st, 2023

Gas: Prices edge up on cooler temperatures, lower wind speeds

British and Dutch gas prices edged higher on Friday morning as forecasts for cooler temperatures and lower wind speeds led to expectations of higher demand in the coming days. ›

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  • March 31st, 2023

Oil down with market uncertain over US inflation, employment data

Oil prices ticked down in Asian trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over U.S. economic data to be released later in the day. ›

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  • March 30th, 2023

Oil stable on mixed drivers; market eyes Iraq exports

Oil was nearly steady on Thursday as a surprise drop in U.S. crude stockpiles offset a smaller-than-expected cut to Russian supplies, while investors closely watched developments on Iraqi Kurdistan oil exports. ›

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  • March 29th, 2023

Europe Gas Prices Rise as French Strikes and Cold Weather Linger

European natural gas prices surged as strikes in France continue amid a looming cold snap across much of the continent. ›

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  • March 29th, 2023

Oil gains for 3rd day on Kurdish supply concerns, easing banking fears

Crude prices rose for a third session on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supplies and fears of a global banking crisis eased. ›

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  • March 28th, 2023

European Gas Prices Drop as Traders Await News on French Strikes

European natural gas prices declined as market participants await updates on continued strikes in France, which have been disrupting the nation’s energy infrastructure. ›

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  • March 28th, 2023

Oil prices soften; banking crisis and Chinese demand in focus

Crude prices retreated on Tuesday after rallying the previous session, with markets focused on developments in the banking crisis and indications of strengthening demand in China. ›

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