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Industry News from Energy Services

  • January 13th, 2023

GAS: UK prompt up on colder weather, Dutch prices down

European benchmark wholesale gas prices were mixed on Friday morning with UK prompt prices up on colder weather but Dutch contracts down down on comfortable supply. ›

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  • January 12th, 2023

Oil gains 3% on global economic optimism, despite surprise U.S. crude build

Oil prices rose 3% to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks. ›

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  • January 11th, 2023

European Gas Edges Higher With Colder Weather Seen Next Week

European natural gas prices rose with the weather expected to turn cooler next week, ending a prolonged spell of unseasonable warmth that curbed demand. ›

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  • January 11th, 2023

Oil falls as rising U.S. stockpiles, economic uncertainty renew demand concerns

Oil prices fell on Wednesday as an unexpected build in crude and fuel inventories in the United States, the world’s biggest oil consumer, and economic uncertainty reignited demand worries. ›

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  • January 10th, 2023

European Natural Gas Prices Fall as Mild Winter Crimps Demand

European natural gas prices fell as warmer-than-usual temperatures curb demand for heating. ›

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  • January 10th, 2023

Oil slips on concerns higher interest rates to crimp demand

Oil edged lower on Tuesday on expectations that further interest rate hikes in the United States, the world’s biggest oil user, will slow economic growth and limit fuel demand. ›

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  • January 10th, 2023

UK to Cut Energy Aid to Firms From April as Hunt Seeks Taxpayer Savings

The UK government said it’s cutting energy support to businesses from April as Chancellor of the Exchequer Jeremy Hunt seeks savings to help shore up the public finances. ›

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  • January 9th, 2023

Oil rises on demand optimism as China borders reopen

Oil prices climbed on Monday as the borders reopened in China, the world’s top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns. ›

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  • January 9th, 2023

Europe Gas Rebounds as Region Seeks to Ensure LNG Keeps Flowing

European natural gas futures rose after four weekly declines as traders focused on imports of liquefied natural gas and the potential for rebounding demand. ›

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  • January 6th, 2023

Oil prices edge up on optimism over China’s reopening

Oil prices rose as much as $1 on Friday, extending gains from the previous session, supported by hopes of a China demand boost and after data showed lower U.S. fuel inventories following a winter storm that hit at the end of the year. ›

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