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Industry News from Energy Services

  • November 15th, 2024

Oil Heads for Weekly Drop as Glut Concerns and Dollar Take Toll

Oil fell, deepening a weekly loss, on mixed economic and consumption data from China, the lingering impact from a stronger US dollar, and concerns that the global market will flip to a glut next year. ›

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  • November 14th, 2024

Oil Drops as Surging US Dollar and Demand Concerns Take a Toll

Oil fell as a surging US dollar weighed on commodities, and concerns about demand growth tarnished the outlook for prices. ›

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  • November 13th, 2024

Oil Steadies Near November Lows With Outlook for Demand in Focus

Oil steadied near its lowest level this month, with the outlook for demand in focus after OPEC cut projections on China’s slowdown. ›

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  • November 12th, 2024

Oil Declines for Third Day on Demand Concerns and Rampant Dollar

Oil fell for a third day on a soft demand outlook in China, a stronger US dollar, and concerns the market may flip to oversupply. ›

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  • November 11th, 2024

Oil Steadies After Drop With China Outlook and Demand in Focus

Oil steadied after the biggest decline in nearly two weeks as a soft outlook in top importer China continued to plague the market. ›

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  • November 8th, 2024

Oil Drops as China Stimulus Underwhelms in the Face of Trump Win

Oil fell with Asian markets and other commodities after Chinese stimulus announcements disappointed and as traders continued to digest the implications of Donald Trump’s win. ›

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  • November 7th, 2024

Oil Steadies After Election Jolt as Traders Weigh Trump’s Impact

Oil ticked higher after a roller-coaster session on Wednesday as traders weighed the likely impact of Donald Trump’s election victory on the crude market, with the US dollar halting a post-vote surge. ›

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  • November 6th, 2024

Oil Tumbles With Trump Trades Aiding Dollar as US Counts Votes

Oil fell as Donald Trump’s increasing chances of winning the presidential race boosted the dollar to a one-year high, while an industry report signaled a gain in US stockpiles. ›

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  • November 5th, 2024

European Gas Rises Further as Traders Watch Late-Season US Storm

European natural gas prices extended gains after a jump on Monday, with traders watching a late-season tropical storm threatening to disrupt fuel production in the US. ›

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  • November 5th, 2024

Oil Steady Near $75 as Crude Enters Election Day Holding Pattern

Oil held in a narrow range as investors turned their full focus to the tight US presidential election after prices jumped on Monday, pushed higher by OPEC+’s supply-curb extension and tensions in the Middle East. ›

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