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Industry News from Energy Services

  • December 12th, 2024

Oil Holds Gains With US Sanctions Talk and IEA Outlook in Focus

Oil steadied after a three-day gain, as traders digested US comments flagging possible tighter curbs on Russian and Iranian flows, and looked ahead to a monthly outlook from the International Energy Agency. ›

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  • December 11th, 2024

Oil Edges Higher Ahead of US Inflation Figures and OPEC Report

Oil rose ahead of key US inflation data and a monthly report from OPEC that will provide a snapshot on the market. ›

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  • December 10th, 2024

Oil Edges Lower as Glut Outlook Counters China Stimulus Optimism

Oil edged lower as persistent concerns over a looming supply glut overshadowed the outlook for bolder Chinese stimulus next year. ›

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  • December 9th, 2024

European Gas Prices Slip as Mild, Windy Weather Brings Respite

Natural gas prices in Europe slipped for a fifth day as mild and windy weather helps protect inventories from faster depletion. ›

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  • December 9th, 2024

Oil Gains as Traders Weigh Fallout From Syria’s Regime Collapse

Oil gained as the market weighed the fallout from the toppling of the Syrian government, which has sent shockwaves through the Middle East and dealt a blow to longtime backers Russia and Iran. ›

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  • December 6th, 2024

European Gas Extends Losses With Russian Decree Easing Concerns

European natural gas prices extended this week’s loss after the Kremlin changed procedures to pay for Russian gas, easing concerns that flows to the region will be cut off. ›

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  • December 6th, 2024

Oil Steadies as OPEC+ Opts Again to Delay Plan to Restore Output

Oil steadied after OPEC+’s decision to push back the revival of shuttered production by another three months failed to lift sentiment in a market that’s expected to suffer from a glut next year. ›

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  • December 4th, 2024

Oil Holds Hefty Advance on OPEC+ Deal Progress, Iran Sanctions

Oil steadied after the biggest advance in more than two weeks as OPEC+ made progress toward a deal to delay further the restoration of shuttered supply, and the US imposed more sanctions on Iranian crude. ›

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  • December 3rd, 2024

Oil Edges Higher With Focus on OPEC+ Supply and China Stimulus

Oil edged higher ahead of an OPEC+ supply meeting on Thursday, with wider markets buoyed by hopes China’s leadership will approve more stimulus at a major meeting next week. ›

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  • December 2nd, 2024

European Gas Rises as Colder Weather Forecasts Add to Worries

European natural gas prices headed for a second session of gains as weather forecasts turned colder for parts of the continent. ›

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