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Industry News from Energy Services

  • September 22nd, 2021

Oil prices rise over $1 after report of big draw in U.S. crude stocks

Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. ›

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  • September 21st, 2021

EUROPE GAS-Prices mixed in volatile trade, but bullish trend remains

European wholesale gas prices were volatile on Tuesday, with some contracts easing and others gaining, but the overall bullish picture ahead of the winter season remained intact. ›

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  • September 21st, 2021

Oil rises 1% as U.S. storm aftermath tightens supply

Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy of a crisis at heavily indebted property group China Evergrande. ›

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  • September 20th, 2021

EUROPE GAS-Prices rise ahead of gas capacity auctions

British wholesale gas prices rose on Monday morning ahead of capacity auctions which will help to signal how much gas can Europe can expect from Russia. ›

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  • September 17th, 2021

EUROPE GAS-Prices climb on lower Norwegian imports, lower temperature forecasts

British and European gas prices rose on Friday morning with lower imports from Norway and forecasts for cooler temperatures adding to bullish sentiment about low stock levels. ›

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  • September 17th, 2021

Oil fall as U.S. storm-hit supply makes slow return

Oil prices fell on Friday as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, but both benchmark contracts were on track for weekly gains of more than 3% as recovery in output is seen lagging demand. ›

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  • September 16th, 2021

Oil dips, pares back only some of sharp gains made on U.S. stocks drawdown

Oil prices slipped on Thursday, paring back only some of the large gains made the previous day on the back a larger-than-expected drawdown in crude oil stocks in the United States. ›

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  • September 15th, 2021

Oil prices climb after drawdown in stocks, positive demand outlook

Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world’s largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen. ›

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  • September 14th, 2021

UK GAS-Prices rise on lower Norwegian flows due to outages

British and European wholesale gas prices rose on Tuesday morning as heavy maintenance affected Norwegian supply. ›

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  • September 14th, 2021

Oil hits 6-week high on fears of U.S. supply disruptions from storm Nicholas

Oil prices hit a six-week high on Tuesday on concerns that another storm could affect output in Texas this week even as the U.S. industry struggles to return to normal production levels after Hurricane Ida wreaked havoc on the Gulf Coast. ›

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