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Industry News from Energy Services

  • October 31st, 2023

European Gas Falls as Mild Weather Counters Geopolitical Risks

European natural gas prices eased as traders weighed a mild weather outlook and high inventories against the potential impact of a widening of the war in the Middle East. ›

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  • October 31st, 2023

Oil Pushes Higher After Plunge With Mideast War, Demand in Focus

Oil edged higher after a steep drop spurred by signs that the Israel-Hamas war will remain contained while demand may be softening. ›

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  • October 30th, 2023

European Gas Prices Rise as Risks Mount for Egypt LNG Flows

European gas prices advanced after a halt in Egypt’s imports raised risks to the country’s liquefied natural gas flows, while the intensifying Israel-Hamas war added to concerns about a wider conflict.

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  • October 30th, 2023

Oil falls over 3% as concerns about Mideast supply ease

HOUSTON, Oct 30 (Reuters) – Oil slipped more than 3% on Monday with U.S. crude oil futures falling more than $3 a barrel as fears eased about the Israel-Hamas war disrupting supply from the region and as investors grew cautious ahead of this week’s U.S. Federal Reserve meeting ›

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  • October 27th, 2023

Oil rises more than $1 on fears of spread of Middle East conflict

Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria raised concerns of a widening of the Israel-Hamas conflict that could impact supply from the key Middle East producing region. ›

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  • October 26th, 2023

Europe Gas Gains After Israel Confirms Plan for Ground Assault

European natural gas prices advanced on signs Israel will proceed with a ground invasion of Gaza, adding to concerns that the war could widen and disrupt energy supplies. ›

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  • October 26th, 2023

Oil falls after U.S. stockpiles climb, Middle East tensions in focus

Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on Middle East tensions. ›

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  • October 25th, 2023

Oil dips as economic concerns offset Middle East supply worries

Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza. ›

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  • October 24th, 2023

Oil prices regain some ground on Israel-Hamas war uncertainty

Oil prices rose on Tuesday, recovering some of the previous day’s losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions. ›

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  • October 23rd, 2023

European Gas Prices Slump on Mild Weather, Easing War Jitters

European natural gas prices slumped on mild weather forecasts for the rest of the month. Fears also eased that the conflict in the Middle East would escalate as Israel held off on its ground offensive into Gaza. ›

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