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Industry News from Energy Services

  • September 29th, 2023

Oil heads for 2% weekly gain on tight U.S. supply, China demand

Oil prices slipped on Friday but were headed for a gain of 2% for the week driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday. ›

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  • September 28th, 2023

Europe Gas Rises as Outages Crimp Flows Ahead of Heating Season

European natural gas prices advanced as outages continued to weigh on fuel flows while the region’s heating season approaches. ›

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  • September 28th, 2023

Oil prices climb on crude draw, tight global supply

.S. oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the United States added to worries over tight global supplies from OPEC+ output cuts. ›

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  • September 27th, 2023

Oil prices climb as markets focus on supply tightness

Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a “soft landing” for the U.S. economy. ›

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  • September 26th, 2023

Oil prices slip as high interest rate outlook outweighs tight supply

Oil prices fell on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight. ›

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  • September 25th, 2023

Oil prices rise, tight supply back in focus

Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. ›

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  • September 22nd, 2023

European Gas Futures Ease as Australia LNG Strikes Called Off

European natural gas prices declined as Chevron Corp. and labor unions in Australia agreed to end strikes at major export plants, which roiled the market for more than a month. ›

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  • September 22nd, 2023

Oil prices rise as supply concerns outweigh demand fears

Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global supply outweighed fears that further U.S. interest rate hikes could dent demand, but they were still headed for their first weekly loss in four weeks. ›

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  • September 21st, 2023

European Gas Prices Slump as Risks Ease in Norway and Australia

European natural gas prices slumped on signs of easing supply risks in Norway and Australia. ›

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  • September 21st, 2023

Oil falls as US rate hike expectations offset tight supply outlook

Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. ›

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