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Energy Services News

  • January 24th, 2025

Oil Set for First Weekly Drop This Year as Trump Rattles Market

Oil headed for the first weekly decline this year after Donald Trump raised the prospect of trade wars and said he will ask Saudi Arabia and OPEC to lower prices in his first few days as the new US president. ›

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  • January 23rd, 2025

Oil Extends Drop With Focus on Rising Stockpiles, Trump Actions

Oil edged lower after an industry report pointed to the first gain in US crude stockpiles since mid-November, as the market watched for further pledges on global trade from President Donald Trump. ›

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  • January 22nd, 2025

Europe Summer Gas Premium Surges as Germany Eyes Storage Subsidy

European natural gas for delivery this summer has become even more expensive than prices for next winter after Germany signaled it may subsidize the refilling of storage sites. ›

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  • January 22nd, 2025

Oil Extends Drop as Trump’s Tariff Threats Raise Trade War Fears

Oil pushed lower as President Donald Trump threatened a tariff on China, raising concerns over trade wars on several fronts after he said hefty levies on Canada and Mexico were being considered. ›

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  • January 21st, 2025

European Gas Prices Swing as Trump Lifts Ban on New LNG Exports

European natural gas prices fluctuated, as US President Donald Trump lifted a moratorium on new export licenses, easing uncertainty over longer-term global supply. ›

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  • January 21st, 2025

Oil Slips as Trump Signals Canada Tariffs, Domestic Energy Push

Oil dropped as traders digested a slew of pledges and executive orders from President Donald Trump, including the threat of tariffs on Canada and plans to boost domestic energy output. ›

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  • January 20th, 2025

Oil Steadies Near $81 as Market Braces for Second Trump Term

Oil was steady ahead of the inauguration of President-elect Donald Trump, as the market braced for a period of uncertainty and turmoil at the start of his second term in the White House. ›

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  • January 17th, 2025

Oil Heads for Fourth Weekly Advance as Market Girds for Trump

Oil headed for a fourth straight weekly gain ahead of President-elect Donald Trump’s second term, with traders seeking clarity on far-reaching sanctions and trade policies. ›

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  • January 16th, 2025

Russia Claims It Damaged Gas Storage Facility in Ukraine

Russia claimed it damaged ground infrastructure of one of the largest natural gas storage sites in Ukraine’s Lviv region during a series of attacks with drones and missiles on the country’s energy sector. Ukraine said gas flows weren’t interrupted.

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  • January 16th, 2025

Oil Holds Gain as IEA Warns on Russia Curbs and Stockpiles Ebb

Oil held a powerful, early-year advance on mounting concerns about risks to global supplies, and as commercial crude inventories in the US posted their longest run of declines since 2021. ›

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