- May 24th, 2024
Energy Services News
- May 24th, 2024
Equinor to boost Troll gas output with $1.1 bln investment
Equinor and its partners in the North Sea Troll gas field, Europe’s largest, will invest 12 billion Norwegian crowns ($1.13 billion) to further boost production, the Norwegian energy company said on Friday. ›
- May 23rd, 2024
Oil prices fall for fourth straight day as US rate hike prospects emerge
Oil prices eased for a fourth straight session on Thursday after the minutes of a U.S. Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand. ›
- May 22nd, 2024
Oil slips for third session on likely ‘higher for longer’ US rates
Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve might keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world’s largest oil consumer. ›
- May 21st, 2024
Oil prices fall on demand fears over Fed’s rates path
Oil prices extended losses in Asia trade on Tuesday, with investors anticipating lingering U.S. inflation and higher interest rates to depress consumer and industrial demand. ›
- May 20th, 2024
Oil climbs after Iran’s president dies, Saudi flags issue with king’s health
Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash and Saudi Arabia’s crown prince cancelled a trip to Japan, citing issues with the king’s health. ›
- May 17th, 2024
Oil set for weekly gain on hopes of firmer demand
Oil prices rose on Friday, with global benchmark Brent set for its first weekly gain in three weeks as economic indicators from big consumers China and the United States bolstered hopes for higher demand. ›
- May 16th, 2024
Oil prices rise on slower US inflation, strong demand
Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S., where data showed slower inflation than markets expected, bolstering the argument for an interest rate cut that could drive greater consumption. ›
- May 13th, 2024
Gas: Prices mixed amid softer demand, warmer weather
Dutch and British wholesale gas prices were mixed on Monday morning amid a comfortable supply/demand balance with warmer weather curbing demand and allowing storage injections. ›
- May 13th, 2024
Oil slips on signs of weak fuel demand, strong dollar
Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy. ›
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