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Energy Services News

  • January 25th, 2023

Oil rises on China recovery hopes, OPEC+ seen standing pat

Crude oil prices inched higher on Wednesday as optimism for a demand recovery in China and expectations that major producers will maintain current output policy offset global recession worries. ›

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  • January 24th, 2023

Gas: Prices fall on rising wind power, milder temperatures

British and Dutch wholesale gas prices edged lower on Tuesday as forecasts for milder temperatures and increased wind power output curbed demand. ›

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  • January 23rd, 2023

Europe Gas Swings Amid Crimped Norway Supplies and Cold Weather

European natural gas fluctuated with Norwegian supplies expected to drop to the lowest in more than two months in the middle of a cold snap that’s boosting demand. ›

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  • January 23rd, 2023

Oil prices retreat in thin trade, but China outlook offers support

Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week’s gains on the prospect of an economic recovery in top oil importer China this year. ›

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  • January 20th, 2023

Europe Gas Set for Longest Run of Weekly Losses Since Early 2020

European natural gas is set for its longest run of weekly losses in almost three years, as a forecast for more mild weather offsets supply concerns. ›

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  • January 20th, 2023

Oil prices set for second week of gains on brighter China outlook

Oil prices were set to post a second straight weekly gain on Friday, spurred largely by brightening economic prospects for China which should boost fuel demand in the world’s second-biggest economy. ›

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  • January 19th, 2023

European Gas Gains as Russian Flows Slump More During Cold Snap

European natural gas prices gained as Russian supplies via Ukraine slumped further while cold weather swept across the continent, boosting demand for the fuel used in heating. ›

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  • January 19th, 2023

Oil down nearly $1 on bearish U.S. data, crude stocks build

Oil futures fell by nearly $1 on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. ›

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  • January 17th, 2023

European Gas Rebounds With Signs of Demand Picking Up in Asia

European natural gas rose amid signs China’s economy may have have bottomed and a recovery could pull supply away from the West. ›

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  • January 17th, 2023

Oil mixed amid weak China economic data, hopes for better 2023

Oil prices were mixed on Tuesday after China posted its weakest annual economic growth in nearly half a century, with its late-2022 U-turn in COVID-19 policy underpinning hopes of a recovery in the country’s fuel demand this year. ›

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