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Industry News from Energy Services

  • March 27th, 2023

Gas: Prices mixed on warm weather, uncertainties over French strikes

British and Dutch wholesale gas prices were mixed on Monday as warm weather, high level of inventories and stable imports put pressure on prices, while uncertainty over strikes in France lent some support. ›

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  • March 27th, 2023

Oil markets steady as investors weigh banking crisis, Russia

Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. ›

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  • March 24th, 2023

Gas: Prices rise on firm demand and French strikes

Industrial action in France over pension continued, hitting LNG terminals, power supply and nuclear reactor maintenance. ›

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  • March 24th, 2023

Oil falls as US holds off refilling strategic reserve

Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. ›

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  • March 23rd, 2023

Oil dips after Fed comments, U.S. crude stock build

Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. ›

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  • March 22nd, 2023

Oil slips on surprise US inventory build; Fed rate decision eyed

Oil slipped in Asian trade on Wednesday, after two straight days of gains, as an industry report showed U.S. crude inventories rose unexpectedly last week in a sign demand may be weakening. ›

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  • March 21st, 2023

Oil lower as banking turmoil dampens sentiment

Oil drifted lower on Tuesday as more than a week of banking turmoil kept weighing on market confidence. ›

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  • March 20th, 2023

Gas: Dutch benchmark hits 19-month low on strong winds and milder weather

Europe’s benchmark gas contract hit its lowest for 19 months as expectations of strong output from wind farms and milder temperatures curbed demand. ›

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  • March 20th, 2023

Oil falls more than $2 on banking concerns, likely Fed rate hike

Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential hike in U.S. interest rates this week. ›

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  • March 16th, 2023

Gas: Prices dip on warmer temperatures but French strike risks remain

British and Dutch wholesale gas prices fell on Thursday morning as forecasts for warmer temperatures dented demand but uncertainties about France’s nuclear output and strikes at its liquefied natural gas (LNG) terminals provided some support. ›

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