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Industry News from Energy Services

  • September 20th, 2024

Oil prices set to end week higher after US rate cut

Oil prices, which eased slightly on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. ›

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  • September 19th, 2024

Oil prices rise after US interest rate cut

Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but Brent was still hovering around its lowest levels of the year, below $75, on expectations of weaker global demand. ›

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  • September 18th, 2024

Oil prices set to snap two-day winning streak ahead of Fed decision

Oil prices fell on Wednesday after two sessions of gains, as weak macroeconomic data weighed on demand, offsetting the possible disruption of violence in the Middle East and the potentially bullish impact of an expected U.S. rates cut. ›

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  • September 17th, 2024

Oil prices climb on US output concerns, potential crude inventory drop

Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. ›

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  • September 16th, 2024

Oil prices climb on Fed rate cut outlook

Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by persistent demand worries and weaker China data. ›

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  • September 13th, 2024

Oil prices extend recovery from multi-year lows

Oil prices extended their rally on Friday and were on course for a weekly gain, sparked by output disruption in the U.S. Gulf of Mexico after Hurricane Francine forced the evacuation of production platforms. ›

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  • September 12th, 2024

European Gas Slides as Ukraine Transit Worries Ease for Now

European natural gas prices declined on Thursday after Russian fuel transiting Ukraine was set to flow at normal levels, easing worries about a possible drop in supply. ›

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  • September 12th, 2024

Oil prices up over 1% on US hurricane impact concerns

Oil prices rose more than 1% on Thursday, spurred by concerns of Hurricane Francine impacting output in the U.S., the world’s biggest crude producer, though worries of lower demand capped gains. ›

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  • September 11th, 2024

European Gas Prices Fluctuate as Market Awaits Francine Impact

European natural gas prices swung between small gains and losses as the market awaits the impact of Hurricane Francine, which is expected to make landfall in Louisiana Wednesday. ›

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  • September 11th, 2024

Oil prices recover on hurricane supply disruption fears

Oil prices climbed more than 1% on Wednesday, paring some of the previous day’s losses, as concerns about Hurricane Francine disrupting output in the United States, the world’s biggest producer, outweighed worries about weak global demand. ›

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