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Industry News from Energy Services

  • March 14th, 2023

Oil prices fall as SVB collapse rocks financial markets

Oil prices fell more than $1 on Tuesday, extending the previous day’s slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. ›

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  • March 13th, 2023

Gas: British prices fall on mild weather, Dutch prices mixed

British wholesale gas prices fell on Monday morning due to mild weather, strong wind speeds and high gas imports from Norway, while Dutch prices were mixed amid uncertainties around France’s nuclear output. ›

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  • March 13th, 2023

Crude prices rise slightly on China recovery, weaker dollar

Oil prices ticked up in Monday’s Asian trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided support to a market rattled by the prospect possible further U.S. interest rate increases. ›

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  • March 10th, 2023

European Energy Prices Spike Amid Supply Woes in France

European energy prices jumped amid concerns about France’s nuclear fleet and disruptions due to strikes throughout the country, along with a late-winter cold blast in other parts of the region. ›

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  • March 10th, 2023

Oil headed for worst weekly drop since Feb on U.S. slowdown fears

Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing economic growth and hitting fuel demand. ›

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  • March 9th, 2023

Gas: Prices fall on milder weather, stronger wind outlook

British and Dutch gas prices fell on Thursday morning, as milder weather and stronger wind forecasts for next week helped to alleviate the impact of reduced power output and LNG terminal closures in France. ›

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  • March 9th, 2023

Oil flat as China hopes, US stock draw offset recession fears

Oil prices were in a holding pattern on Thursday, as a larger-than-expected draw in U.S. crude stocks and hopes for China demand contended with worries that more aggressive U.S. interest rate rises would slow economic growth and dent oil consumption. ›

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  • March 8th, 2023

European Energy Prices Jump as French Nuclear Concerns Return

European energy prices rose amid fresh concerns about corrosion in France’s nuclear fleet, against a backdrop of strikes throughout the country and a cold snap elsewhere in the region. ›

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  • March 8th, 2023

Gas: Prices rise on cold snap, strikes in France

British and Dutch gas prices rose on Wednesday morning due to strikes in France and an ongoing cold snap in Britain and amid concerns of Russian escalation after new intelligence pointed to a pro-Ukraine group in the attack on the Nord Stream pipeline. ›

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  • March 8th, 2023

Oil extends declines on rate hike concerns

Oil prices fell for a second straight session on Wednesday, driven by fears that more aggressive U.S. interest rate hikes would hit demand, while the market awaited further clarity on inventories. ›

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