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Industry News from Energy Services

  • October 14th, 2024

Oil prices erase nearly all of last week’s gains on China demand woes

Oil prices on Monday wiped out nearly all gains made last week after data showed China’s inflation rate declined and a lack of clarity on the country’s economic stimulus plans stoked fears about fuel demand in the world’s biggest crude importer. ›

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  • October 11th, 2024

Oil retreats, but heads for weekly climb on potential Mideast supply disruption

Oil retreated on Friday after settling higher the previous day, but prices remained set for a second weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. ›

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  • October 10th, 2024

Oil prices rise on US storm, fears of Israel-Iran conflict

Oil prices rose on Thursday underpinned by a spike in fuel demand as a major storm barrelled into Florida and concerns about potential supply disruptions in the Middle East amid heightened tensions between Israel and major oil producer Iran. ›

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  • October 9th, 2024

Oil prices edge up after sliding on potential Israel-Hezbollah ceasefire

Oil prices edged up on Wednesday as developments in the Middle East took centre stage against cautious demand expectations and ahead of a government meeting on China’s fiscal policy. ›

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  • October 8th, 2024

Oil retreats as investors pare bets on Middle East war risk after sharp rally

Oil prices declined on Tuesday with concerns over potential oil supply disruption easing as the market still awaits an Israeli response to the Iranian rocket attacks last week which triggered the crude price rally. ›

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  • October 7th, 2024

Oil prices dip after strongest weekly rise in over one year

Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply concerns amid softer demand countered the worries over a wider Middle East conflict disrupting exports in the key oil-producing region. ›

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  • October 4th, 2024

Oil prices flat as Middle East conflict counters ample supply outlook

Oil prices were subdued on Friday, but remained on track for strong weekly gains, as investors weighed the prospect of a wider Middle East conflict disrupting crude flows against a well-supplied global market. ›

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  • October 3rd, 2024

Oil climbs on prospects of wider MidEast war, ample supply caps gains

Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply outlook. ›

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  • October 2nd, 2024

Oil prices jump more than 2% as Middle East tensions escalate

Oil prices climbed more than 2% on Wednesday on rising concerns that Middle East tensions could escalate, potentially disrupting crude output from the region, following Iran’s biggest ever military blow against Israel. ›

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  • October 1st, 2024

Oil prices drop as prospect of additional supply offset Mideast fears

Oil prices slid by more than 2% on Tuesday as a stronger supply outlook and tepid global demand growth outweighed fears over escalating conflict in the Middle East and its impact on crude exports from the region. ›

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