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Energy Services News

  • December 7th, 2023

European Gas Prices Gain as Traders Tap Storages Amid Cold Snap

European natural gas prices gained for a second day as traders increased the pace of withdrawals from storage sites during the first major cold snap this winter. ›

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  • December 7th, 2023

Oil rebounds from six-month-low but demand concerns linger

Oil prices reclaimed some ground on Thursday after tumbling to a six-month low in the previous session but investors remained concerned about sluggish demand and economic slowdowns in the U.S. and China. ›

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  • December 6th, 2023

Oil steady as markets weigh OPEC+ cuts against China demand concerns

Oil prices were steady on Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts in tightening supply against a worsening demand outlook in China. ›

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  • December 5th, 2023

Europe’s Winter-Gas Price Slump Shifts Focus to Summer Storage

European natural gas prices are barely reacting to a cold snap across Europe, suggesting traders are starting to shift focus to the next season. ›

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  • December 5th, 2023

Oil prices little changed amid OPEC+ cut doubts, Mideast tension

Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by the OPEC+ group of producers, tensions in the Middle East and weak economic data from the U.S.. ›

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  • December 4th, 2023

Europe Gas Falls as Sluggish Demand Helps Preserve Winter Stocks

European natural gas prices declined as persistent low demand for the fuel helps to preserve the region’s inventories. ›

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  • December 4th, 2023

Oil down as uncertainty over OPEC+ supply cuts, demand growth weigh

Oil futures reversed course after rising briefly on Monday amid persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth, although the risk of supply disruptions from the Middle East conflict limited the losses. ›

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  • December 1st, 2023

Oil prices recover from slump after underwhelming OPEC+ cuts

Oil prices pared losses on Friday, after falling sharply in early trade and by over 2% on Thursday on perceptions that the voluntary oil output cuts agreed by OPEC+ producers were underwhelming. ›

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  • November 30th, 2023

Oil steady; market eyes OPEC+ meet, weak demand indicators

Oil was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group, and as weaker-than-expected Chinese factory data underscored slowing growth in the world’s second largest economy. ›

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  • November 29th, 2023

Oil slightly higher as OPEC+ awaited, Black Sea storm disrupts supply

Oil edged higher on Wednesday as investors turned cautious ahead of a crucial OPEC+ meeting to decide output policy in the coming months, while a supply disruption caused by a storm in the Black Sea provided a lift for prices. ›

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