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Industry News from Energy Services

  • December 16th, 2022

Oil falls, but poised for biggest weekly gain since early Oct

LONDON, Dec 16 (Reuters) – Oil fell on Friday as the market assessed the aftermath of interest rates hikes at central banks, but was poised for the biggest weekly gains in 10 weeks amid supply disruption concerns and hopes for a recovery of demand in China. ›

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  • December 16th, 2022

ICE warns it may pull gas market from EU over Brussels price cap

Intercontinental Exchange has warned it may pull its gas trading market out of the Netherlands if Brussels presses ahead with a plan to introduce a cap on prices. ›

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  • December 15th, 2022

Oil dips as dollar firms while more rate hikes loom

Oil prices dipped in Asian trade on Thursday as the dollar firmed, while the possibility of further interest rate hikes from global central banks also heightened demand concerns. ›

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  • December 15th, 2022

Hunt looks at prolonging energy aid for all companies

Plans under consideration would break with previous policy by maintaining universal support — but at a lower level ›

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  • December 14th, 2022

European Gas Prices Fall as Cold Blast Forecast to Break in Days

European natural gas prices declined as temperatures are forecast to return to more normal levels within the next few days. ›

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  • December 14th, 2022

Oil slips as U.S. crude stock build stirs doubts on demand

SINGAPORE, Dec 14 (Reuters) – Oil prices fell on Wednesday after industry data showed a surprise build in U.S. crude inventories against analysts’ forecast of a decline, reinforcing fears about weakening demand even as supply tightens. ›

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  • December 13th, 2022

Oil climbs as U.S. pipeline closure adds to supply uncertainty

Oil extended gains on Tuesday as a key pipeline bringing supply to the United States remained shut, adding to concerns about potential tightness in the world’s biggest crude consumer. ›

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  • December 12th, 2022

Oil resumes slide as weak economy outweighs supply risks

Oil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a production cut. ›

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  • December 9th, 2022

Oil bounces on pipeline shutdown, but heads for weekly loss on demand woes

Oil prices bounced higher on Friday as closure of a major Canada-to-U.S. crude pipeline disrupted supplies, but both benchmarks were headed for a weekly loss on worries over slowing global demand growth. ›

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  • December 8th, 2022

European Natural Gas Prices Surge as Winter Blast Stokes Demand

European natural gas prices jumped for a third session as a blast of unusually cold weather across the northern half of the continent tests its resilience to a historic energy crisis. ›

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