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Energy Services News

  • May 21st, 2024

Oil prices fall on demand fears over Fed’s rates path

Oil prices extended losses in Asia trade on Tuesday, with investors anticipating lingering U.S. inflation and higher interest rates to depress consumer and industrial demand. ›

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  • May 20th, 2024

Oil climbs after Iran’s president dies, Saudi flags issue with king’s health

Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash and Saudi Arabia’s crown prince cancelled a trip to Japan, citing issues with the king’s health. ›

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  • May 17th, 2024

Oil set for weekly gain on hopes of firmer demand

Oil prices rose on Friday, with global benchmark Brent set for its first weekly gain in three weeks as economic indicators from big consumers China and the United States bolstered hopes for higher demand. ›

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  • May 16th, 2024

Oil prices rise on slower US inflation, strong demand

Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S., where data showed slower inflation than markets expected, bolstering the argument for an interest rate cut that could drive greater consumption. ›

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  • May 13th, 2024

Gas: Prices mixed amid softer demand, warmer weather

Dutch and British wholesale gas prices were mixed on Monday morning amid a comfortable supply/demand balance with warmer weather curbing demand and allowing storage injections. ›

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  • May 13th, 2024

Oil slips on signs of weak fuel demand, strong dollar

Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy. ›

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  • May 10th, 2024

Oil Extends Two-Day Climb on Renewed Optimism for US Rate Cuts

Brent pushed above $84 a barrel after a two-day climb that added about 1%, rebounding from the 100-day moving average.¬†West Texas Intermediate¬†neared $80. Initial applications for US unemployment benefits increased to the highest level since August, supporting the case for looser monetary policy. The dollar slipped on Thursday, making commodities more attractive for most buyers. ›

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  • May 9th, 2024

Gas: Prices move sideways amid warm weather, strong inventories

Dutch and British wholesale gas prices moved sideways in a tight range on Thursday morning, amid forecasts of lower demand due to warmer weather and solid inventories across Europe. ›

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  • May 9th, 2024

Oil rises on US crude storage draw, China imports show year-on-year gain

Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a year-on-year increase in Chinese imports last month supported higher demand expectations for the world’s two largest crude consuming nations. ›

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  • May 8th, 2024

Gas: Prices drop as warm weather, storage filling offset LNG concerns

Dutch and British wholesale gas prices fell on Wednesday morning, with warm weather and the restocking of storages in Europe offsetting concerns over liquefied natural gas (LNG) supplies. ›

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