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Industry News from Energy Services

  • August 23rd, 2023

European Gas Slides With Australia Strike Talks in Balance

European natural gas prices plunged as traders await the outcome of crucial negotiations to avoid strikes at Australia’s biggest export facility for the fuel. ›

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  • August 23rd, 2023

Oil Edges Lower in Thin Trading Amid Supply Rebound, Demand Woes

Oil posted a modest decline amid signs that supplies are rebounding while concerns linger about demand in China, the world’s biggest crude importer. ›

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  • August 22nd, 2023

European Gas Eases as Woodside Says Strike Talks ‘Constructive’

European natural gas prices eased as Woodside Energy Group Ltd. said it was having “constructive” discussions with workers who are threatening to strike at a key export facility in Australia. ›

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  • August 22nd, 2023

Oil Holds Loss on Signs of Supply Rebound as Demand Woes Linger

Oil held a modest decline on signs that supply is rebounding while concerns linger about demand in China, the biggest importer. ›

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  • August 21st, 2023

European Gas Prices Soar on Australia LNG Workers’ Ultimatum

European natural gas prices jumped as workers serving a key export project in Australia prepare for a strike that could put a significant dent in global supplies in the run-up to winter. ›

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  • August 21st, 2023

Oil Rises for Third Day as Tighter Market Vies With Demand Risks

Oil rose for a third day as signs the physical market is tightening offset growing demand risks in China and the US. ›

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  • August 18th, 2023

Europe Gas Set for Third Weekly Gain on Australia Strike Jitters

European natural gas futures headed for a third weekly gain as concerns over potential strikes in Australia inject renewed volatility into the market. ›

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  • August 18th, 2023

Oil Heads for Weekly Loss as China Concerns and Rate Angst Flare

Oil headed for its first weekly loss since June as concerns over economic weakness in China and potentially even tighter monetary policy in the US combined to overshadow signs of a solid physical market. ›

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  • August 17th, 2023

Oil Steadies as Traders Take Stock of China Concerns and Fed

Oil steadied after a three-day drop spurred by concerns over the Chinese economy and the possibility of even tighter US monetary policy. ›

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  • August 17th, 2023

Australian state’s move on exports ban could hurt investment, gas producers say

SINGAPORE, Aug 17 (Reuters) – Western Australia’s (WA) decision not to consider exemptions from a ban on exports of natural gas from onshore fields will hurt fresh investments, a group of producers said, as the state looks to secure regional supply and rein in prices. ›

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