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Industry News from Energy Services

  • April 21st, 2022

Oil firms as investors focus on supply drop from Russia, Libya

Oil prices rose on Thursday as concerns about supply due to a potential European Union (EU) ban on Russian oil came to the fore, days after diminished supplies from Libya rocked the market. ›

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  • April 20th, 2022

Oil prices rebound after sharp losses as supply concerns dominate

Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in U.S. crude inventories last week. ›

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  • April 19th, 2022

Oil volatile as Libya outage fuels supply woes, Shanghai prepares to reopen

Oil prices see-sawed on Tuesday as investors fretted over tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen post a COVID-19 shutdown, easing some demand worries. ›

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  • April 14th, 2022

Gas: Prices fall ahead of long Easter holiday

British and European wholesale gas prices fell on Thursday on strong LNG arrivals and as market players cover their positions ahead of a long Easter holiday running from Friday through Monday amid geopolitical uncertainty. ›

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  • April 14th, 2022

Oil prices fall as market weighs mixed supply signals

Oil prices slipped on Thursday amid thin trading volumes ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. ›

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  • April 13th, 2022

Oil up slightly as supply worries offset weak China, Japan data

Oil prices edged up on Wednesday after Moscow said peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains. ›

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  • April 12th, 2022

Gas: Prices up on higher Yamal-Europe flows to Poland, weaker wind

British and Dutch gas prices rose on Monday morning on weaker wind output and higher flows from Germany to Poland through the Yamal-Europe pipeline, but concerns about supply remain as contract payment deadlines approach. ›

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  • April 12th, 2022

Oil rises as Shanghai eases some COVID curbs, OPEC warns of tight supply

Oil prices climbed on Tuesday on easing concerns about demand in China after Shanghai relaxed some COVID-19-related restrictions and OPEC warned it would be impossible to increase output enough to offset lost Russian supply. ›

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  • April 11th, 2022

Gas: Prices mostly down on steady flows, lower demand

British and Dutch gas prices were mostly down on Monday morning on steady flows, milder temperatures and lower demand. ›

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  • April 11th, 2022

Oil drops on worries about lockdowns in China, release of reserves

Oil prices dropped more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China’s lockdowns continued. ›

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