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Energy Services News

  • January 3rd, 2024

European Gas Prices Edge Higher as Outlook for Cold Snap Deepens

European natural gas prices edged higher as the intensity of a looming cold snap deepened, lifting demand for the heating fuel. ›

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  • January 3rd, 2024

US was top LNG exporter in 2023 as hit record levels

U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023. ›

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  • January 3rd, 2024

Oil prices steady as economic concerns offset Red Sea supply worries

Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea. ›

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  • January 2nd, 2024

Oil prices jump after U.S. forces repel Houthis in Red Sea

Oil prices jumped in the first session of the New Year, boosted by the chances of Middle East supply disruptions after a naval clash in the Red Sea, as well as hopes of strong holiday demand and an economic stimulus in China, the top importer of crude. ›

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  • December 22nd, 2023

Oil extends weekly gains, up 1% as Red Sea tension persists

Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting prices. ›

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  • December 21st, 2023

Oil falls over demand concerns after U.S. inventory build

Oil prices fell on Thursday as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions due to tensions in the Middle East. ›

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  • December 20th, 2023

Oil inches higher as traders monitor Red Sea tensions

Oil rose slightly on Wednesday as investors kept an eye on the situation in the Red Sea after recent attacks by Iran-aligned Yemeni Houthi militants. ›

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  • December 19th, 2023

Europe Set for Mild Weather in January After Warm December

Much of northwestern Europe is set for a warm start to 2024, with temperatures remaining close to or above seasonal norms through early January. ›

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  • December 19th, 2023

Oil Holds Gains as Red Sea Attacks Cause Panic Among Shippers

Oil traded near its highest close in more than two weeks as more companies shun the Red Sea after a spike in vessel attacks along the key shipping conduit. ›

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  • December 18th, 2023

Oil rises on Red Sea jitters, Russian export cut

Oil rose on Monday as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions and Russia’s plan to lower exports in December provided additional support. ›

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