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Industry News from Energy Services

  • October 31st, 2022

European Gas Declines as Warm Weather Keeps Demand in Check

European natural gas fell after two days of gains as unseasonably warm weather reduces demand and eases concerns about shortages for the winter. ›

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  • October 31st, 2022

Oil declines over $1 on China COVID curbs, weak factory activity data

Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. ›

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  • October 28th, 2022

Europe Can’t Rely on US Gas to Plug Growing Gap Next Year

Europe has been able to plug the gap left by smaller Russian gas flows with US supplies, but those shipments won’t be able to keep up as the shortfall expands ›

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  • October 28th, 2022

Oil falls as China widens COVID curbs; still set for weekly gain

Oil prices fell on Friday after China, the world’s top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of Europe’s pending cut-off of Russian imports. ›

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  • October 27th, 2022

Why are European Gas Prices Falling?

Over the last several months, European benchmark gas prices have been progressively falling toward their pre-Ukraine conflict levels. ›

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  • October 27th, 2022

Oil steadies amid fears over Chinese demand, record U.S. exports

Oil steadied on Thursday following a rally of nearly 3% in the previous session, as concern over slack demand in China balanced optimism from record U.S. crude exports and sign that recession concerns are abating. ›

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  • October 26th, 2022

European Gas Rises as Timelines for Key EU Crisis Measures Slip

European natural gas prices rose as timelines for some key EU measures to contain the energy crisis were pushed back further. ›

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  • October 26th, 2022

Oil prices dip on U.S. crude stock build, supply worries cap losses

Oil prices eased on Wednesday after industry data showed U.S. crude stockpiles rose more than expected, though supply worries capped losses. Brent crude futures for December fell $1.03, or 1.1%, to $92.49 a barrel by 0635 GMT, after settling 26 cents higher in the previous session. ›

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  • October 25th, 2022

Europe’s Inflation Squeeze to Linger Even as Gas Prices Drop

European gas prices are plunging from the peaks reached over the summer, but businesses and households will have to wait for relief from the squeeze from soaring inflation. ›

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  • October 25th, 2022

Oil rises as U.S. dollar loses steam though demand fears linger

Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China. ›

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