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Energy Services News

  • November 22nd, 2023

European Power Prices Fall to Two-Year Low as Crisis Eases

Benchmark electricity prices in Europe have fallen to levels last seen two years ago in a positive sign for the continent’s economy as its gas and nuclear crises ease. ›

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  • November 22nd, 2023

Oil prices steady in pre-Thanksgiving trade ahead of OPEC+ cuts

Oil prices stayed within a narrow range on Wednesday in quiet pre-U.S. Thanksgiving holiday trading, as the market awaited news on output cuts from the OPEC+ producers group and looked for confirmation of a sharp build-up in U.S. crude stocks. ›

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  • November 21st, 2023

Europe Gas Fluctuates as Cold Snap Spreads From Berlin to London

European natural gas futures fluctuated as forecasts for colder weather signaled a potential jump in heating demand. ›

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  • November 21st, 2023

Oil retreats on caution ahead of OPEC+ meeting

Oil futures fell on Tuesday, reversing steep gains made in the past two sessions, as investors turned cautious ahead of a meeting of OPEC+ this Sunday when the producer group may discuss deepening supply cuts due to slowing global growth. ›

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  • November 20th, 2023

Europe Gas Jumps After Seized Vessel in Red Sea Stirs War Fears

European natural gas prices jumped after a vessel seized in the Red Sea by Iran-backed Houthi rebels renewed concerns that the Israel-Hamas war could affect vital waterways for the fuel. ›

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  • November 20th, 2023

Oil extends gains on expectations of further OPEC+ supply cuts

Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. ›

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  • November 17th, 2023

Oil prices head for fourth straight week of declines as supply grows

Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand. ›

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  • November 16th, 2023

Oil prices slip on US crude build, China demand worries

Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from China. ›

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  • November 15th, 2023

European Gas Prices Edge Higher as Winter Risks Shift Into Focus

European natural gas advanced as traders weighed risks from potential supply disruptions on the region’s heating needs. ›

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  • November 15th, 2023

Oil gains on China economic data, strong demand forecast

Oil prices rose on Wednesday as China’s factory output and retail sales beat expectations, a day after the International Energy Agency (IEA) raised its oil demand growth forecast for this year. ›

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