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Industry News from Energy Services

  • May 16th, 2025

Oil heads for small weekly gain but remains under supply hike pressure

Oil prices extended declines on Friday under increased supply pressure from an OPEC+ output hike and the prospect of an Iranian nuclear deal, yet are heading for a second consecutive weekly gain due to easing U.S.-China trade tensions. ›

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  • May 15th, 2025

Oil slides 3% on expectations for US-Iran nuclear deal

Oil prices fell by about $2 on Thursday on expectations of a potential U.S.-Iran nuclear deal that could result in sanctions easing, while a surprise build in U.S. crude oil inventories last week heightened investor concerns about oversupply. ›

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  • May 13th, 2025

Oil prices steady as market weighs US-China trade developments

Oil prices held steady on Tuesday, weighed down by rising supplies and caution over whether the pause in the U.S.-China trade war will lead to a longer-term deal. ›

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  • May 12th, 2025

Oil Jumps and Gold Drops as US and China Move to Lower Tariffs

Oil, metals and crop commodities rallied while gold fell after China and the US agreed to lower tariffs on each other’s economies after a weekend of trade talks. ›

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  • May 9th, 2025

Oil Advances With Focus on US-China Trade Talks After UK Deal

Oil extended gains as the market turned its attention to trade talks between the US and China this weekend after President Donald Trump announced an agreement with the UK. ›

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  • May 8th, 2025

European Gas Prices Swing Ahead of EU Vote on Storage Targets

European natural gas prices fluctuated ahead of a vote on more relaxed fuel-storage rules, a decision that could alleviate the region’s efforts to build up supplies ahead of winter. ›

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  • May 8th, 2025

Oil Edges Higher as Trump Signals Announcement on Trade Deal

Oil rose after Donald Trump flagged a Thursday announcement on a trade deal, which is expected to be with the UK, as the US president faces political pressure following tariffs that rattled global markets. ›

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  • May 7th, 2025

Oil Extends Gain With US and Chinese Officials Set to Talk Trade

Oil pushed higher after rallying more than 3% in the previous session as the US and China agreed to start trade negotiations, raising optimism that tensions between the world’s two biggest economies may ease. ›

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  • May 6th, 2025

European Gas Prices Rise on Concerns Over Global LNG Competition

European natural gas prices edged higher as some firms in Asia ramp up LNG purchases and seasonal maintenance tightens the market. ›

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  • May 6th, 2025

Oil Gains From Four-Year Low as Technicals Hint Slide Overdone

Oil climbed from the lowest close in four years after a technical measure signaled the recent slump was overdone. ›

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