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Industry News from Energy Services

  • April 17th, 2025

Oil Rises a Second Day After US Cracks Down on Iranian Supply

Oil rose for a second day after the US vowed to reduce Iran’s energy exports to zero. ›

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  • April 16th, 2025

Oil slides as markets assess impact of US-China trade war

Oil prices fell about 1% on Wednesday, as shifting U.S. tariff policies fuelled uncertainty, prompting traders to weigh the potential impact of the U.S.-China trade war on economic growth and energy demand. ›

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  • April 15th, 2025

Oil edges up on potential US tariff exemptions on cars, pick-up in China crude imports

Oil prices inched higher on Tuesday, supported by new tariff exemptions floated by U.S. President Donald Trump and a rebound in China crude oil imports in anticipation of tighter Iranian supply.

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  • April 14th, 2025

Oil rises on rebound in China’s imports, but trade war concerns persist

Oil prices edged up on Monday after Chinese data showed a sharp rebound in crude imports in March, although concerns that the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand weighed. ›

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  • April 11th, 2025

Oil Heads for Weekly Decline as Trade War Roils Global Markets

Oil ticked higher — but remained on course for a second weekly loss — as disorder in global markets triggered by US President Donald Trump’s aggressive trade policy spurred concerns about a recession and a flight from risk. ›

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  • April 10th, 2025

European Gas Jumps as US Tariff Pause Eases Demand Concerns

European natural gas prices rebounded after US President Donald Trump paused plans to implement higher reciprocal tariffs on dozens of trade partners bar China, easing concerns about an economic hit that could weigh on demand for energy. ›

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  • April 10th, 2025

Oil Returns to Losses as Market Concerns Over Trade War Persist

Oil extended a volatile run as investors grappled with abrupt shifts in US tariff policy, with futures returning to losses after a brief relief rally ignited by President Donald Trump’s decision to pause some levies. ›

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  • April 9th, 2025

Europe Gas Drops With Broader Financial Markets as Tariffs Start

European natural gas prices slid further as US President Donald Trump’s tariffs kicked in, dealing a blow to the global economy and demand for energy. ›

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  • April 9th, 2025

Oil Extends Steep Selloff as Fresh Tariff Wave Imperils Demand

Oil sank to a four-year low as an intensifying global trade war threatens to batter energy demand, with a fresh wave of US levies going into effect in a move that will deal a heavy blow to the global economy. ›

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  • April 8th, 2025

Goldman Warns Oil Below $40 Is Possible in ‘Extreme’ Scenario

Goldman Sachs Group Inc. — fresh from cutting oil forecasts twice in a week — said Brent has the outside potential to fall below $40 a barrel under “extreme” outcomes as the trade war flares and supplies rise. ›

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