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Industry News from Energy Services

  • April 30th, 2024

Gas: Prices edge higher on lower supply

Dutch and British wholesale gas prices edged higher on Tuesday morning as falling demand due to warmer temperatures was offset by lower liquefied natural gas (LNG) supply and curbed flows of gas from Norway due to maintenance. ›

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  • April 30th, 2024

Oil slips as investors eye Israel-Gaza truce talks, US Fed policy review

Oil edged down on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanding conflict in the Middle East, while worries about the outlook for U.S. interest rates dragged on the market. ›

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  • April 29th, 2024

Gas: Prices fall on mild weather and risk premium erosion

Dutch and British wholesale gas prices fell on Monday morning as demand-sapping warmer weather outweighed the impact of Norwegian outages while there was an easing in concern over wider supply risks that buoyed prices last week. ›

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  • April 29th, 2024

Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns

Oil prices were down 1% on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. ›

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  • April 26th, 2024

Oil prices on track to snap two-week losing streak

Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. ›

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  • April 25th, 2024

Gas Prices continue upwards trend on Norwegian outages

Dutch and British wholesale gas prices continued an upwards trend for the second session in a row due to outages in Norway which reduced pipeline gas supply. ›

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  • April 25th, 2024

Oil eases as US demand concerns outweigh Middle East fears

Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world’s biggest oil user, contended with widening conflict risks in the key Middle East producing region. ›

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  • April 24th, 2024

Gas: Prices gain on North Sea outages

Dutch and British wholesale gas prices traded higher on Wednesday morning, as planned and unplanned outages in Norway and Britain tightened the supply picture, offsetting a return to milder temperatures. ›

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  • April 24th, 2024

French Grid Issues Are Causing Power Prices to Soar in Europe

Grid limitations in parts of France are constraining power exports, pushing up prices in neighboring countries. ›

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  • April 24th, 2024

Rising spot LNG prices starting to bite some Asian buyers

There are early signs that the rise in the spot price for liquefied natural gas (LNG) for delivery to Asia to a three-month high is starting to crimp demand from price-sensitive buyers such as India. ›

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