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Industry News from Energy Services

  • November 30th, 2022

Oil firm on U.S. crude stocks and China optimism, OPEC+ talks limit gains

Oil prices firmed in Asian trade on Wednesday on falling U.S. crude inventory figures from API, a lower greenback and some optimism on the outlook for China’s demand and economy. ›

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  • November 29th, 2022

European Gas Prices Advance as Cold Snap Set to Boost Demand

European natural gas prices rose as much as 5.6% with frigid weather expected to start eroding gas inventories and outages at a few key facilities on Tuesday. ›

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  • November 29th, 2022

Oil jumps on hopes for easing in China’s COVID controls

Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country’s zero-COVID strategy over the weekend in big Chinese cities. ›

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  • November 28th, 2022

European Gas Prices Swing With Focus on Weather and Supplies

Natural gas prices in Europe fluctuated on Monday as Russia‚Äôs decision not to cut flows via Ukraine countered concerns that cold weather could boost demand. ›

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  • November 28th, 2022

Oil prices slide as China’s COVID protests spark demand worries

Oil prices slumped on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer stoked concern about the outlook for fuel demand. ›

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  • November 25th, 2022

European Gas Heads for Weekly Gain as Colder Weather Approaches

Natural gas prices in Europe headed for a weekly gain as low winter temperatures risk pushing households to turn on heaters. ›

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  • November 25th, 2022

Oil up as markets weigh China demand concerns, Russia price cap uncertainty

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. ›

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  • November 24th, 2022

Europe Gas Swings as Cold Weather Counters Effort to Tame Crisis

European natural gas prices fluctuated as lower temperatures bring the prospects of a tighter market even as politicians gather to hammer out measures to ease the energy crisis. ›

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  • November 24th, 2022

Oil drops as Russian price cap proposal eases concerns about tight supply

Oil declined on Thursday, hovering around two-month lows, as the Group of Seven(G7) nations’ proposed range for a price cap on Russian oil was higher than current trading levels, alleviating concerns over tight supply. ›

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  • November 23rd, 2022

Oil prices edge higher as large U.S. crude stock drop outweighs China demand worries

Oil prices inched higher on Wednesday as data showing a larger-than-expected U.S. crude drawdown last week outweighed concerns about lower fuel demand from China amid tightening COVID-19 curbs. ›

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