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Industry News from Energy Services

  • October 24th, 2022

European Gas Slumps to €100 on Mild Weather and Ample Supplies

Natural gas in Europe fell to €100 per megawatt-hour for the first time since June as warm weather, ample stockpiles and EU moves to contain the crisis ease fears over winter shortages. ›

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  • October 24th, 2022

Oil prices drop more than 1% as China demand data disappoints

Oil prices slid more than 1% on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. ›

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  • October 21st, 2022

European Gas Falls as EU Leaders Unite to Back Crisis Measures

Natural gas in Europe declined after leaders came together to back urgent measures, including a price cap, to contain the energy crisis that’s engulfed the economy. ›

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  • October 21st, 2022

Oil wavers as rate hike talk offsets fading China demand hopes

Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises on energy consumption. ›

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  • October 20th, 2022

Oil prices rise on possible easing in China COVID quarantine measure

Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. ›

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  • October 19th, 2022

Oil prices rise as investors seek riskier assets and on China demand outlook

Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into riskier assets such as commodities amid gains in broader equity markets and on signs of renewed demand from top oil importer China. ›

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  • October 18th, 2022

European Gas Declines as Mild Weather, Storage Ease Supply Fears

European natural gas extended its loss for a fourth straight session, as warmer-than-usual weather and high levels of storage temper concerns over winter supply shortages. ›

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  • October 18th, 2022

Oil prices rise on softer U.S. dollar, supply woes

Oil prices climbed on Tuesday, bolstered by a weaker U.S. dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists with its stringent zero-COVID policy. ›

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  • October 17th, 2022

Gas: Prices mostly fall on possible over-supply

British and Dutch wholesale gas prices mostly fell on Monday as mild weather, full gas storage tanks and plentiful liquefied natural gas (LNG) tanker arrivals are curbing short-term supply concerns. ›

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  • October 17th, 2022

Oil climbs on China’s fuel demand recovery hopes

Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude importer. ›

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