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Energy Services News

  • October 26th, 2023

Oil falls after U.S. stockpiles climb, Middle East tensions in focus

Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on Middle East tensions. ›

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  • October 25th, 2023

Oil dips as economic concerns offset Middle East supply worries

Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza. ›

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  • October 24th, 2023

Oil prices regain some ground on Israel-Hamas war uncertainty

Oil prices rose on Tuesday, recovering some of the previous day’s losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions. ›

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  • October 23rd, 2023

European Gas Prices Slump on Mild Weather, Easing War Jitters

European natural gas prices slumped on mild weather forecasts for the rest of the month. Fears also eased that the conflict in the Middle East would escalate as Israel held off on its ground offensive into Gaza. ›

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  • October 23rd, 2023

Oil down as diplomatic moves in Gaza war trim supply-disruption risk

Oil prices fell more than $1 on Monday as concerns about supply disruptions eased due to diplomatic efforts intensifying in an attempt to contain the conflict between Israel and the Palestinian Islamist group Hamas. ›

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  • October 20th, 2023

Europe Gas Resumes Gains on Fears of Wider Middle East Conflict

European natural gas prices resumed gains on mounting fears that the conflict in the Middle East will widen and affect global flows of the vital fuel ahead of winter. ›

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  • October 20th, 2023

Oil on track for second week of gains on Gaza contagion fears

Oil prices extended gains on Friday and were on track for a second week of increases on heightened fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world’s top-producing regions. ›

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  • October 19th, 2023

Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease

Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran’s call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally. ›

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  • October 18th, 2023

Oil jumps 2% as hospital blast increases Middle East tensions

Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region. ›

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  • October 17th, 2023

Oil steadies on hopes US will ease sanctions on Venezuela

Oil prices steadied on Tuesday after a more than $1 slide on Monday amid hopes the U.S. would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the war between Israel and Hamas. ›

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