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Industry News from Energy Services

  • February 28th, 2023

European Gas Prices Recede Following Record Demand Cut

Natural gas prices in Europe have already lost nearly 40% in the first two months of the year after Europeans saved the fuel like never before in history. ›

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  • February 28th, 2023

Oil firms on China growth hopes

Oil prices rose in Asian trade on Tuesday, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further U.S. interest rate hikes dragging on consumption in the world’s biggest economy. ›

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  • February 27th, 2023

Oil lower on firm dollar, market shrugs off Russian supply cuts

Oil prices fell in volatile trade on Monday, as a stronger dollar and fears of recession risks offset gains arising from Russia’s plans to deepen oil supply cuts. ›

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  • February 24th, 2023

Gas: Prices edge higher as temperatures turn cooler

British and Dutch gas prices edged higher on Friday morning on expectations of increased demand for heating as temperatures turn cooler. ›

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  • February 24th, 2023

Oil up on possible Russia cuts; inventories remain high

Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. ›

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  • February 23rd, 2023

Oil edges up as market weighs economy, awaits inventory data

Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. ›

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  • February 22nd, 2023

Oil falls on worries interest rates will rise more and curb fuel demand

Oil prices fell for a third trading session on Wednesday on expectations the U.S. Federal Reserve will indicate later in the day that interest rates are set to rise more, stoking concerns of lower global economic growth and demand for fuel. ›

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  • February 21st, 2023

Gas: Dutch benchmark price slips to fresh 17-month low

The Dutch benchmark wholesale gas contract slipped to a new a 17-month low on Tuesday morning, as healthy supply offset colder weather forecasts. ›

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  • February 21st, 2023

Brent oil falls on fears of global economic slowdown

Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day’s gains. ›

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  • February 20th, 2023

European Gas Halts Slide After Crossing Key Recovery Threshold

European natural gas prices edged higher on the prospect of a late-winter cold snap, after last week crossing a key threshold in the region’s recovery from its energy crisis. ›

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