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Industry News from Energy Services

  • June 24th, 2022

European Gas Set for Second Weekly Gain on Russia Supply Squeeze

European natural gas prices headed for a second straight weekly advance as Russia’s deep supply cuts unsettle markets and force governments into policy u-turn to bring back coal power stations. ›

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  • June 24th, 2022

Oil rises in volatile trading amid supply uncertainty

Oil prices edged higher amid a volatile trading session on Friday, as supply uncertainty outweighed fears of slower demand from cooling U.S. economic activity. ›

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  • June 23rd, 2022

Gas: Dutch prices mostly rise as Germany triggers phase 2 of gas plan

Dutch wholesale gas prices were mostly higher on Thursday morning after Germany entered Phase 2 of its three-stage emergency gas plan due to reduced supply from Russia. ›

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  • June 23rd, 2022

European Gas Erases Losses as Germany to Sound Supply Alarm

European natural gas prices rose as Germany plans to trigger the second stage of the country’s gas-emergency plan amid a reduction in Russian supplies. ›

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  • June 23rd, 2022

Oil falls as investors eye recession risks

Oil prices continued to retreat on Thursday as investors reassessed the risks of recession and the impact of interest rate hikes in major economies on fuel demand. ›

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  • June 22nd, 2022

European Gas Fluctuates as Traders Weigh Supply Cut, Demand Drop

European natural gas prices swung between gains and losses as traders weighed signs that high fuel costs are curbing industrial demand against Russian supply cuts. ›

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  • June 22nd, 2022

Oil slumps $6 a barrel as Biden pushes for U.S. fuel cost cuts

Oil prices skidded more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on the country’s major energy firms to help ease the pain for drivers during peak summer consumption. ›

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  • June 21st, 2022

Gas: Prices edge higher on continued Russian supply fears

Dutch wholesale gas prices rose on Tuesday morning as Europe grappled with low flows of gas from Russia and British near-term prices were lifted by lower supply from Norway. ›

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  • June 21st, 2022

Oil prices climb on supply and demand fundamentals

Oil prices rose on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. ›

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  • June 17th, 2022

European Gas Heads for Biggest Weekly Gain Since the War Started

European natural gas prices headed for the biggest weekly gain since Russia began its war on Ukraine as Moscow’s supply cuts deepen the region’s energy crisis. ›

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