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Industry News from Energy Services

  • February 3rd, 2023

Gas: Prices fall on higher imports, stronger wind

British and Dutch wholesale gas prices fell on Friday morning as high wind speeds reduced demand for gas for power generation and imports into the region remained strong. ›

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  • February 3rd, 2023

Oil weakens as market awaits signs of China demand recovery

Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies. ›

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  • February 2nd, 2023

European Gas Prices Mixed With Focus on Demand, LNG Shipments

European gas futures fluctuated as traders weighed ample stockpiles and progress on restarting a long-shut US liquefied natural gas plant against risks that demand may start picking up again. ›

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  • February 2nd, 2023

Oil steady as dollar slumps and Russian oil products ban looms

Oil prices were steady on Thursday after tumbling in the previous session as a weaker dollar boosted sentiment, though looming sanctions on Russian oil products added uncertainty over supply. ›

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  • February 1st, 2023

European Gas Swings as Cooler Weather Approaches Next Week

European natural gas futures fluctuated as traders weighed colder weather approaching next week against ample supplies. ›

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  • February 1st, 2023

Oil rises as slowing U.S. inflation eases recession concerns

Oil prices rose on Wednesday as signs of slowing inflation in the United States eased fears that the world’s largest oil user may face a recession because of further interest rate hikes and a weaker dollar supported some buying interest. ›

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  • January 31st, 2023

Europe Gas Jumps With Weather Forecasts Turning Cooler Next Week

European natural gas rebounded as forecasts showed the weather turning cooler than previously estimated next week. ›

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  • January 31st, 2023

Oil slips on rate hike worries, Russian export flows

Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. ›

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  • January 30th, 2023

European Gas Prices Swing as Traders Track Demand, Stockpiles

European natural gas fluctuated as the return of warmer weather keeps a lid on heating demand, even as cheaper fuel brings the possibility of a rebound in industrial consumption. ›

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  • January 30th, 2023

Oil falls ahead of OPEC+, U.S. Federal Reserve meetings

Oil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve meeting that may spur market volatility. ›

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