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Energy Services News

  • March 12th, 2024

Oil up as Middle East tensions persist, demand concerns cap gains

Oil prices rose in Tuesday trade as geopolitical tensions in the Middle East continued to spur concern, but gains were limited on bearish demand sentiment and as the market waited for monthly reports from oil agencies.. ›

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  • March 11th, 2024

Oil prices fall on China demand worries

Oil prices extended last week’s losses on Monday on concern about slow demand in China, although lingering geopolitical risk surrounding the Middle East and Russia limited the decline. ›

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  • March 8th, 2024

Oil prices rise as world’s top consumers boost demand

Oil prices rose on Friday, driven by growing demand in the world’s biggest consumers, the United States and China, while the U.S. Federal Reserve gave a positive signal on the possibility of rate cuts. ›

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  • March 6th, 2024

Oil rebounds as OPEC+ output cuts override China, US demand concerns

Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers overrode demand growth concerns in China and the U.S., the world’s two biggest crude consumers. ›

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  • March 5th, 2024

Oil extends fall as China’s economic reforms underwhelm investors

Oil prices fell for a second day on Tuesday as pledges by China to transform its economy amid stuttering growth since the COVID pandemic failed to impress investors concerned about slower consumption. ›

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  • March 4th, 2024

Oil edges up after OPEC+ extends output cuts through second quarter

Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on Sunday. ›

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  • March 1st, 2024

Oil rises, markets await OPEC+ decision amid mixed demand drivers

Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited an OPEC+ decision on supply agreements for the second quarter amid differing demand indicators for key consumers U.S. and China. ›

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  • February 29th, 2024

Oil falls on US demand worries, interest rate fears

Oil prices fell on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure. ›

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  • February 28th, 2024

Oil eases as Fed caution, stock build outweighs OPEC+ news

Oil prices pulled back in Asia on Wednesday as the prospect of a delay in the U.S. rate-cutting cycle and a rise in U.S. crude stocks offset a boost on Tuesday from news OPEC+ might extend its output cuts. ›

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  • February 27th, 2024

Oil prices rise amid concerns about Red Sea attacks on shipping

Oil prices on Tuesday built on gains made a day earlier amid attacks on shipping in the Red Sea that have exacerbated supply worries. ›

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