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Industry News from Energy Services

  • November 22nd, 2022

Oil prices steady amid China demand worries, dollar retreat

Oil prices were little changed on Tuesday as global recession worries and concerns about China’s rising COVID-19 case numbers denting demand from the world’s top crude oil importer were offset by the positive impact of a retreat in the U.S. dollar. ›

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  • November 21st, 2022

Gas: Prices mixed on diverging weather, supply picture

British prompt gas prices fell on Monday morning amid increased supply from Norway and downward demand revisions, but further out contracts rose both in Britain and the continent. ›

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  • November 21st, 2022

Oil prices ease to trade near 2-month lows on China demand fears, dollar strength

Oil prices dropped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand from China and U.S. dollar strength weighed on prices. ›

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  • November 18th, 2022

European Gas Heads For Weekly Gain Amid Looming Cold Snap

Natural gas prices in Europe headed for a weekly gain, with traders keeping a close eye on how demand will react as a brief cold snap hits most of Europe over the weekend. ›

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  • November 18th, 2022

Oil heads for second weekly decline as demand concerns weigh

Oil gave up early gains on Friday and was on track for a second weekly decline, pressured by concern about weakening demand in China and further interest rate rises by the U.S. Federal Reserve. ›

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  • November 17th, 2022

European Gas Prices Drop As Weather Predicted to Turn Warmer

Natural gas prices in Europe extended losses on Thursday as weather forecasts pointed to warmer temperatures, signaling that the start of the region’s heating season could be pushed out further. ›

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  • November 17th, 2022

Oil falls on easing geopolitical tensions, China demand worries

Oil prices extended declines on Thursday as concerns over geopolitical tensions eased, while rising numbers of COVID-19 cases in China added to demand worries in the world’s largest crude importer. ›

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  • November 16th, 2022

Oil prices ease as China COVID concerns outweigh supply woes

Oil prices slid on Wednesday as COVID-19 cases in China continued to climb, sparking worries of lower fuel demand in the world’s top crude importer that outweighed concerns about an escalation of geopolitical tensions and tighter oil supply. ›

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  • November 15th, 2022

Europe Gas Prices Jump as Major US LNG Plant Set to Stay Offline

Natural gas prices in Europe advanced amid concerns about LNG imports from a key US facility and the first signs of cold weather. ›

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  • November 15th, 2022

Oil prices little changed amid China COVID concerns, supply woes

Oil prices held steady on Tuesday as rising COVID-19 cases in China sparked fears of lower fuel consumption from the world’s top crude importer and a cut in OPEC’s 2022 global demand forecast offset worries about tight supply. ›

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