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Industry News from Energy Services

  • July 31st, 2023

European Gas Prices Poised to Erase About 25% of Value in July

European natural gas is set for one of its biggest monthly drops this year as depressed industrial activity and strong inventories offset concerns about a spike in summer cooling demand. ›

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  • July 31st, 2023

Oil on track for biggest monthly gains in over a year

Oil prices edged lower on Monday, but were hovering near three-month highs and were set to post their biggest monthly gains in more than a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. ›

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  • July 28th, 2023

European Gas Falls With Sluggish Demand Keeping a Lid on Prices

European natural gas prices are headed for a third consecutive day of declines, with Citigroup Inc. analysts seeing sluggish demand and high inventories keeping a lid on prices. ›

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  • July 28th, 2023

Oil Powers Toward Fifth Weekly Gain as Market Starts to Tighten

Oil┬áheaded for the longest run of weekly gains in more than a year on an improving macroeconomic outlook and signs of a tighter market. ›

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  • July 27th, 2023

Europe Gas Prices Steady as Shell Sees Healthy Winter Stockpiles

European natural gas prices steadied following the biggest drop in more than a month, as Shell Plc sees a brighter outlook for winter supplies due to high inventories. ›

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  • July 27th, 2023

Oil climbs close to April peak on tighter supply

LONDON, July 27 (Reuters) – Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand and global growth. ›

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  • July 26th, 2023

European Gas Prices Erase Gains as Ample Stocks Offset Risks

European natural gas prices halted their longest streak of gains since April as ample inventories offset risks to supply and a heat wave loosened its deadly grip. ›

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  • July 26th, 2023

Oil dips ahead of Fed rate decision

LONDON, July 26 (Reuters) – Oil prices slipped on Wednesday, with investors cautious ahead of an expected Federal Reserve rate hike later in the day and a possible increase in U.S. crude supplies. ›

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  • July 25th, 2023

Oil prices steady near 3-month highs

LONDON, July 25 (Reuters) – Oil prices were steady on Tuesday, hovering near three-month highs as signs of tighter supplies and pledges by Chinese authorities to shore up the world’s second-biggest economy lifted sentiment, while weaker Western economic data weighed.

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  • July 25th, 2023

European Gas Swings With Rising Amounts of LNG Idling at Sea

Liquefied natural gas stored on ships has jumped to the highest levels in over two months in a sign that weak demand and high inventories in Europe are pushing the fuel toward Asian markets. ›

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