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Industry News from Energy Services

  • October 23rd, 2023

Oil down as diplomatic moves in Gaza war trim supply-disruption risk

Oil prices fell more than $1 on Monday as concerns about supply disruptions eased due to diplomatic efforts intensifying in an attempt to contain the conflict between Israel and the Palestinian Islamist group Hamas. ›

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  • October 20th, 2023

Europe Gas Resumes Gains on Fears of Wider Middle East Conflict

European natural gas prices resumed gains on mounting fears that the conflict in the Middle East will widen and affect global flows of the vital fuel ahead of winter. ›

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  • October 20th, 2023

Oil on track for second week of gains on Gaza contagion fears

Oil prices extended gains on Friday and were on track for a second week of increases on heightened fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world’s top-producing regions. ›

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  • October 19th, 2023

Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease

Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran’s call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally. ›

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  • October 18th, 2023

Oil jumps 2% as hospital blast increases Middle East tensions

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region. ›

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  • October 17th, 2023

Oil steadies on hopes US will ease sanctions on Venezuela

Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the U.S. would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the war between Israel and Hamas. ›

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  • October 16th, 2023

European Gas Rally Takes Breather Amid Milder Weather Forecasts

European natural gas eased after rallying more than 40% last week, with traders weighing milder weather forecasts and international efforts to contain the Middle East conflict. ›

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  • October 16th, 2023

Oil prices ease as investors assess risks of Israel-Hamas war

Oil prices slipped on Monday after surging last week, with investors waiting to see if the Israel-Hamas conflict draws in other countries – a development that would potentially drive up prices further and deal a fresh blow to the global economy. ›

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  • October 13th, 2023

Oil rises as US sanctions, stockpile forecasts raise supply worries

Oil prices were up on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories are forecast to decline through the fourth quarter. ›

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  • October 12th, 2023

Oil falls further on US stock build, easing supply concerns

Oil prices fell for a third day on Thursday, dragged down by a larger-than-expected crude and gasoline stockbuild in the U.S. and easing supply concerns. ›

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