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Industry News from Energy Services

  • March 28th, 2024

Gas: Prices steady as mild temperatures curb demand

Dutch and British wholesale gas prices were stable on Thursday with mild temperatures expected to curb gas demand for heating and strong supplies of liquefied natural gas. ›

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  • March 28th, 2024

Oil prices advance as investors reassess US inventories data

Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories and returned to buying mode. ›

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  • March 27th, 2024

Gas: Prices rangebound on healthy storage, milder weather

Dutch and British wholesale gas prices were mixed on Wednesday morning, trading rangebound, as strong storage inventories and milder weather outweighed concerns over geopolitical tensions and lower liquefied natural gas (LNG) send-out. ›

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  • March 27th, 2024

Oil prices fall for a second day as US crude inventories increase

Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the United States, the world’s biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. ›

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  • March 26th, 2024

Oil trades little changed as markets weigh Russian supply woes against weaker dollar

Oil was little changed on Tuesday, after rising in the previous session, as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks, though a slightly weaker U.S. dollar offered some support. ›

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  • March 25th, 2024

Oil rises as heightened geopolitical risks exacerbate supply concerns

Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure. ›

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  • March 22nd, 2024

Oil slips on possible Gaza ceasefire, stronger dollar

Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices.

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  • March 21st, 2024

Lower LNG prices trigger surge in Asian spot market purchases

Price-sensitive liquefied natural gas buyers from China, India and parts of Southeast Asia are snapping up more spot shipments of the fuel to power industries and generate electricity after prices have fallen to the lowest level in nearly three years. ›

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  • March 21st, 2024

Oil rebounds after surprise drop in US crude, gasoline stocks

Oil prices rebounded on Thursday as U.S. crude and gasoline stock drawdowns lent support despite signs that the U.S. Federal Reserve may keep interest rates higher for longer. ›

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  • March 20th, 2024

Oil retreats from multi-month highs, strong dollar dents demand

Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session. ›

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