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Industry News from Energy Services

  • January 10th, 2023

European Natural Gas Prices Fall as Mild Winter Crimps Demand

European natural gas prices fell as warmer-than-usual temperatures curb demand for heating. ›

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  • January 10th, 2023

Oil slips on concerns higher interest rates to crimp demand

Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world’s biggest oil user, will slow economic growth and limit fuel demand. ›

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  • January 10th, 2023

UK to Cut Energy Aid to Firms From April as Hunt Seeks Taxpayer Savings

The UK government said it’s cutting energy support to businesses from April as Chancellor of the Exchequer Jeremy Hunt seeks savings to help shore up the public finances. ›

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  • January 9th, 2023

Oil rises on demand optimism as China borders reopen

Oil prices climbed on Monday as the borders reopened in China, the world’s top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns. ›

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  • January 9th, 2023

Europe Gas Rebounds as Region Seeks to Ensure LNG Keeps Flowing

European natural gas futures rose after four weekly declines as traders focused on imports of liquefied natural gas and the potential for rebounding demand. ›

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  • January 6th, 2023

Oil prices edge up on optimism over China’s reopening

Oil prices rose as much as $1 on Friday, extending gains from the previous session, supported by hopes of a China demand boost and after data showed lower U.S. fuel inventories following a winter storm that hit at the end of the year. ›

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  • January 6th, 2023

European Gas Heads for Weekly Drop as Mild Weather Eases Crisis

Natural gas prices in Europe headed for a fourth weekly loss, with the energy crisis easing amid unseasonably warm weather that has reduced demand for heating. ›

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  • January 5th, 2023

European Gas Swings as Traders Weigh Weather and Supply Risk

Natural gas prices in Europe fluctuated as traders weigh historically mild weather and the risk that the market could still tighten this winter. ›

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  • January 5th, 2023

Oil rebounds on weaker dollar; economy concerns cap upside

Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery. ›

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  • January 4th, 2023

Europe Gas Falls Again as Warm Weather Brings Relief for Markets

Natural gas prices in Europe extended declines as warm weather curbs demand and eases pressure on politicians and central bankers. ›

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