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Energy Services News

  • April 8th, 2025

Goldman Warns Oil Below $40 Is Possible in ‘Extreme’ Scenario

Goldman Sachs Group Inc. — fresh from cutting oil forecasts twice in a week — said Brent has the outside potential to fall below $40 a barrel under “extreme” outcomes as the trade war flares and supplies rise. ›

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  • April 7th, 2025

European Gas Prices Extend Slump as Market Rout Worsens

European natural gas prices extended declines, following oil and global stocks lower as the tariff-induced market rout worsened. ›

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  • April 7th, 2025

Oil Plummets as Trade Risks Increase and Saudis Slash Prices

Oil tanked for a third straight day after Saudi Arabia slashed its flagship crude price by the most in more than two years, and the escalating trade war spurred concerns about a global recession and weaker demand. ›

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  • April 4th, 2025

Oil Market Gauges Show Looser Balances as OPEC+ Hikes Output

Key oil indicators are signaling looser balances ahead, after OPEC and its allies shocked the market with a dramatic early supply increase just as concerns over global demand become more acute. ›

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  • April 3rd, 2025

Oil Declines as Trump’s Wide-Ranging Tariffs Threaten Demand

Oil fell after US President Donald Trump rolled out stiff tariffs on major trading partners, including China and the European Union, that spared energy but ratcheted up a trade war that threatens global demand. ›

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  • April 2nd, 2025

European Gas Fluctuates as Traders Assess Supply Shifts, Weather

European natural gas prices held near €42 a megawatt-hour as traders weighed shifts in the region’s fuel supplies and the impact from a cool start to spring. ›

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  • April 2nd, 2025

Oil Rally Wavers as Focus Turns to Impending US Tariff Measures

Oil was little changed, pausing last month’s rally as traders position themselves for impending US tariff announcements. ›

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  • April 1st, 2025

Oil Holds Hefty Advance With Trump Sanctions, Tariffs in Focus

Oil steadied after jumping on Monday as President Donald Trump suggested that the US may work to curtail crude shipments from Russia, the world’s third-largest producer and a major exporter. ›

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  • March 31st, 2025

Oil Swings as Traders Weigh Trump’s Threat of Russia Penalties

Oil fluctuated as the market weighed Donald Trump’s mixed remarks about the threat of fresh penalties on Russian crude if his counterpart Vladimir Putin refuses a ceasefire with Ukraine. ›

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  • March 28th, 2025

European Gas Set for Weekly Loss as Households Turn Off Heaters

European natural gas prices are set for the first weekly loss in three as the heating season draws to an end and attention fully shifts to restocking for next winter. ›

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