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Industry News from Energy Services

  • November 10th, 2021

EUROPE GAS-Prices extend losses as Russia steps up gas flows

British and European wholesale gas prices fell for a second day as flows of Russian gas via Ukraine and Belarus into Europe continued to rise, easing supply fears for the winter. ›

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  • November 10th, 2021

Oil rises on surprise U.S. crude stockpile decline

Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed U.S. crude stocks unexpectedly fell last week just as near-term travel demand picked up with COVID-19 pandemic curbs easing. ›

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  • November 9th, 2021

EUROPE GAS-Prices fall as Russian gas flows resume into Germany

British and European wholesale gas prices fell on Tuesday morning as Russian gas flows to Europe resumed. ›

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  • November 9th, 2021

Oil steady amid rosier outlook for global economy, fuel demand

Oil prices were steady on Tuesday after two straight sessions of gains as the passage of a U.S. infrastructure bill, strong Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand. ›

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  • November 8th, 2021

EUROPE GAS-Prices gain as extra Russian gas remains elusive

British and European wholesale gas prices rose on Monday morning in a market on tenterhooks awaiting confirmation of additional Russian gas flows to Europe to fill depleted storage levels and  help cover winter demand. ›

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  • November 8th, 2021

Oil gains after U.S. infrastructure bill passes, Chinese exports rise

Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude. ›

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  • November 5th, 2021

Oil gains after OPEC+ holds firm on supply

Oil prices rose on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the coronavirus pandemic. ›

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  • November 4th, 2021

Oil flips to gains ahead of OPEC+ meeting

Oil prices flipped to gains on Thursday as investors expect top producers to stand pat on output policy, shrugging off earlier concerns about the resumption of Iran nuclear talks that could result in more oil exports from Tehran. ›

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  • November 2nd, 2021

EUROPE GAS-Prices mostly gain in highly volatile market

British and European wholesale gas prices were mixed on Tuesday morning, with several key British contracts posting gains but the European benchmark easing, as uncertainty over Russian gas flows to Europe kept prices volatile. ›

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  • November 2nd, 2021

Oil prices rise on slow OPEC output increase

Oil prices rose on Tuesday as key producer group OPEC undershot its expected pace of output increases last month, while the world’s top oil consumer China ramped up operating rates to meet a spike in diesel demand. ›

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