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Industry News from Energy Services

  • February 14th, 2023

Oil prices fall on U.S. crude reserve release

Oil prices fell on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve (SPR) as mandated by lawmakers, counter to expectations from some traders that the release could be cancelled or delayed. ›

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  • February 13th, 2023

European Gas Slides on Signs Worst of Energy Crisis Averted

European natural gas prices fell to the lowest level in almost four weeks as confidence grows for stable power generation through the remainder of winter. ›

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  • February 13th, 2023

Oil falls on demand worry as Fed ‘make or break moment’ approaches

Oil prices eased around 1% on Monday after rising in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming U.S. inflation data and refinery maintenance in Asia and the United States. ›

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  • February 10th, 2023

Europe Gas Heads for Weekly Loss on Mild Weather, LNG Outlook

European natural gas prices headed for a weekly loss as mild weather caps demand and a key LNG-export facility in the US prepares to resume some shipping. ›

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  • February 10th, 2023

Oil prices jump more than 2% on Russian plan to cut output

Oil prices jumped more than 2% on Friday, heading for weekly gains, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s oil and oil products. ›

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  • February 8th, 2023

Oil nudges higher on weaker dollar, traders await more inventory data

Oil prices extended their two-day winning streak on Wednesday, posting slight gains as the dollar weakened, while investors awaited more inventory data for clearer cues on demand trends. ›

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  • February 7th, 2023

European Gas Slips on Ample Stockpiles, Milder Weather Outlook

European natural gas slipped with the end of a short-lived cold spell in sight while healthy stockpiles are helping tackle any boost in demand. ›

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  • February 7th, 2023

Oil rises on China outlook, supply worries after Turkey earthquake

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. ›

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  • February 6th, 2023

Gas: Prices dip as healthy supply compensates for demand uptick

British and Dutch wholesale gas prices mostly dipped on Monday morning as healthy supply compensated for higher demand due colder temperatures and weak wind output. ›

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  • February 6th, 2023

Oil prices edge up as IEA’s Birol talks up China demand outlook

Oil prices inched up on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery in China, the world’s top oil importer. ›

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