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Industry News from Energy Services

  • December 22nd, 2022

European Gas Falls Further Amid Mild Weather and Ample Supplies

European natural gas prices fell for a fifth day as temperatures are forecast to be stay mild into the new year while supplies remain plentiful. ›

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  • December 22nd, 2022

Oil rises on tight U.S. stocks as winter blast hits

Oil prices climbed for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States and travel is set to soar for its holiday season. ›

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  • December 21st, 2022

Gas: Prices fall on milder weather, healthy LNG supply

British and Dutch wholesale gas prices fell on Wednesday morning due to milder and windier weather forecasts which should reduce demand for gas and healthy supply from liquefied natural gas (LNG). ›

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  • December 21st, 2022

Oil prices little changed as U.S. crude drawdown offsets China COVID worries

Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising COVID-19 cases in top oil importer China. ›

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  • December 20th, 2022

Oil prices edge higher; China COVID surge limits gains

Oil prices inched higher on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. ›

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  • December 19th, 2022

European Gas Prices Fluctuate Ahead of Key EU Talks on Price Cap

European gas futures fluctuated ahead of a key European Union meeting to discuss a gas cap that’s almost one-third lower than an original proposal. ›

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  • December 19th, 2022

Oil prices bounce as China demand hopes offset recession fears

Oil prices rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. ›

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  • December 16th, 2022

Oil falls, but poised for biggest weekly gain since early Oct

LONDON, Dec 16 (Reuters) – Oil fell on Friday as the market assessed the aftermath of interest rates hikes at central banks, but was poised for the biggest weekly gains in 10 weeks amid supply disruption concerns and hopes for a recovery of demand in China. ›

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  • December 16th, 2022

ICE warns it may pull gas market from EU over Brussels price cap

Intercontinental Exchange has warned it may pull its gas trading market out of the Netherlands if Brussels presses ahead with a plan to introduce a cap on prices. ›

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  • December 15th, 2022

Oil dips as dollar firms while more rate hikes loom

Oil prices dipped in Asian trade on Thursday as the dollar firmed, while the possibility of further interest rate hikes from global central banks also heightened demand concerns. ›

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