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Industry News from Energy Services

  • October 30th, 2020

Volatile oil prices still poised for second monthly decline

Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising COVID-19 cases in Europe and the United States heighten concerns over fuel consumption.

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  • October 29th, 2020

Oil extends losses on renewed coronavirus lockdowns, over-supply worries

Oil prices fell on Thursday, extending a 5% slump in the previous session, as governments’ renewed restrictions to curb a second wave of coronavirus infections and signs of a growing global oil supply glut send prices tumbling. ›

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  • October 28th, 2020

Oil falls 2% as rise in U.S. crude stocks fans oversupply fears

Oil prices slid about 2 percent on Wednesday, giving up most of the previous day’s gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut and weaker fuel demand.

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  • October 27th, 2020

UK GAS-Prices mixed, undersupply lifts within-day contract

British wholesale gas prices were mixed on Tuesday, with the within-day contract buoyed by an under-supplied market while curve prices slipped amid a weaker energy complex.

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  • October 27th, 2020

Oil advances, but outlook gloomy as coronavirus cases, supply grow

Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains muted as surging COVID-19 cases around the world hurt the outlook for crude demand while supply is rising.

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  • October 26th, 2020

Oil drops on rising virus cases, increasing Libyan output

Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices.

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  • October 23rd, 2020

Oil slips as COVID-19 pandemic may force Russia to support extending output cuts

Oil prices slipped on Friday, though they held onto most of the gains from the previous session, after Russian President Vladimir Putin indicated he was prepared to extend record supply as cases of COVID-19 surge in the United States and Europe. ›

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  • October 22nd, 2020

Oil struggles as U.S. gasoline stocks build weighs on demand outlook

Oil prices struggled on Thursday after heavy losses overnight, with a build in U.S. gasoline inventories pointing to a deteriorating outlook for fuel demand as coronavirus cases soar in North America and Europe.

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  • October 20th, 2020

Oil prices steady but rising infections and oil supply weigh

Oil prices were little changed on Tuesday, steadying after three days of declines due to worries that a resurgence of coronavirus cases globally is stifling a recovery in fuel demand, while growing output from Libya adds to plentiful supply.

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  • October 16th, 2020

UK GAS-Prices slightly higher on low wind output, oversupply

British wholesale gas prices were slightly higher on Friday morning due to low wind output and oversupply. ›

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