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Energy Services News

  • September 8th, 2023

Oil holds steady as Saudi cuts balance macroeconomic gloom

Oil prices were stable on Friday, as investors weighed fears about the health of China’s economy against supply cuts from major producers Saudi Arabia and Russia. ›

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  • September 7th, 2023

Oil falls on concerns about China, winter demand

Oil prices eased on Thursday as worries over demand due to a seasonal slowdown during winter and an uncertain economic outlook for China outweighed expectations of tighter supplies from extended production cuts in Saudi Arabia and Russia. ›

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  • September 6th, 2023

European Gas Fluctuates as Traders Await Australia Strike News

European natural gas prices fluctuated as a recent recovery in imports of tanker-borne fuel cushioned risks posed by looming strikes in Australia. ›

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  • September 6th, 2023

Oil edges lower as markets shrug off supply jitters

Oil prices reversed course on Wednesday after rising over 1% in the previous session, as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia and a firm dollar capped the upside. ›

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  • September 5th, 2023

Gas: Prices dip despite strike threat and low Norwegian supply

Dutch and British gas prices slipped on Tuesday morning as high gas inventories and weak demand helped the market to shrug off low supply from Norway and the threat of a strike at Australian liquefied natural gas facilities. ›

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  • September 5th, 2023

Oil prices slip as investors sour on China

Oil prices dipped on Tuesday as fresh data added to gloom over the state of China’s post-pandemic recovery, although expectations of an extension in supply cuts by leading OPEC+ members limited losses. ›

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  • September 4th, 2023

Gas: Prices mixed on Norway outages, storage

Dutch and British gas prices were mixed on Monday morning, as Norwegian maintenance outages hit their peak, gas storage sites continue to fill, and amid mediation talks to avert strikes at Australian liquefied natural gas (LNG) facilities. ›

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  • September 4th, 2023

Oil steady amid OPEC+ supply cut expectations

Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. ›

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  • September 1st, 2023

Gas: Prices edge higher as Australia LNG strike looms

Dutch and British gas prices edged higher on Friday as expectations of a strike grew at Australian liquefied natural gas facilities after workers rejected a pay offer, but high gas storage inventories and muted demand kept a lid on gains. ›

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  • September 1st, 2023

Oil set to snap two-week losing streak on tightening supplies

Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations that the OPEC+ group of oil producers would extend output cuts to the end of the year. ›

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