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Industry News from Energy Services

  • January 27th, 2023

European Gas Extends Weekly Loss With Prospect of More US LNG

European natural gas slid for a fifth straight day amid prospects that a long-shut export terminal in the US might resume shipments later this quarter. ›

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  • January 27th, 2023

Oil prices advance on U.S. growth, Chinese recovery hope

Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected U.S. economic growth and hopes of a rapid recovery in Chinese demand as COVID-19 cases and deaths plunged from last month’s peak levels. ›

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  • January 26th, 2023

European Gas Swings After Slump With Asian Demand in Focus

European natural gas fluctuated after three days of declines, with traders weighing risks of increased competition with Asia for the vital fuel after the recent slump in prices. ›

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  • January 26th, 2023

Oil steady as market awaits more supply clarity

SINGAPORE, Jan 26 (Reuters) – Oil prices were steady on Thursday after U.S. crude stocks climbed less than expected, while investors awaited further clarity on supply drivers, including an OPEC+ meeting and the looming EU ban on Russian refined products. ›

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  • January 25th, 2023

Oil rises on China recovery hopes, OPEC+ seen standing pat

Crude oil prices inched higher on Wednesday as optimism for a demand recovery in China and expectations that major producers will maintain current output policy offset global recession worries. ›

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  • January 24th, 2023

Gas: Prices fall on rising wind power, milder temperatures

British and Dutch wholesale gas prices edged lower on Tuesday as forecasts for milder temperatures and increased wind power output curbed demand. ›

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  • January 23rd, 2023

Europe Gas Swings Amid Crimped Norway Supplies and Cold Weather

European natural gas fluctuated with Norwegian supplies expected to drop to the lowest in more than two months in the middle of a cold snap that’s boosting demand. ›

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  • January 23rd, 2023

Oil prices retreat in thin trade, but China outlook offers support

Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week’s gains on the prospect of an economic recovery in top oil importer China this year. ›

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  • January 20th, 2023

Europe Gas Set for Longest Run of Weekly Losses Since Early 2020

European natural gas is set for its longest run of weekly losses in almost three years, as a forecast for more mild weather offsets supply concerns. ›

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  • January 20th, 2023

Oil prices set for second week of gains on brighter China outlook

Oil prices were set to post a second straight weekly gain on Friday, spurred largely by brightening economic prospects for China which should boost fuel demand in the world’s second-biggest economy. ›

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