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Industry News from Energy Services

  • February 23rd, 2023

Oil edges up as market weighs economy, awaits inventory data

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. ›

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  • February 22nd, 2023

Oil falls on worries interest rates will rise more and curb fuel demand

Oil prices fell for a third trading session on Wednesday on expectations the U.S. Federal Reserve will indicate later in the day that interest rates are set to rise more, stoking concerns of lower global economic growth and demand for fuel. ›

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  • February 21st, 2023

Gas: Dutch benchmark price slips to fresh 17-month low

The Dutch benchmark wholesale gas contract slipped to a new a 17-month low on Tuesday morning, as healthy supply offset colder weather forecasts. ›

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  • February 21st, 2023

Brent oil falls on fears of global economic slowdown

Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day’s gains. ›

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  • February 20th, 2023

European Gas Halts Slide After Crossing Key Recovery Threshold

European natural gas prices edged higher on the prospect of a late-winter cold snap, after last week crossing a key threshold in the region’s recovery from its energy crisis. ›

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  • February 20th, 2023

Oil rises on China demand hopes, concerns on supply outlook

Oil prices rose on Monday amid optimism over China’s demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. ›

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  • February 17th, 2023

Oil heads for weekly loss on rate hike worries, ample supply

LONDON — Oil fell about 2% on Friday and was heading for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply. ›

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  • February 17th, 2023

European Gas Falls Below €50 as Historic Energy Crisis Recedes

European natural gas futures slumped below €50 for the first time in 17 months as the region’s worst energy crisis in decades recedes, but with signs that further price declines are unlikely. ›

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  • February 16th, 2023

Oil rises on China optimism, market shrugs off U.S. inventory build

Oil prices rose on Thursday as hopes of a robust fuel demand recovery in top oil consumer China offset losses arising from strength in the greenback and a large build in U.S. crude inventory. ›

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  • February 15th, 2023

Oil prices drop as U.S. inventories jump fuels demand worries

Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the U.S. crude inventories and anticipation of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession. ›

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