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Industry News from Energy Services

  • November 27th, 2024

Europe Set for Coldest Winter Since Ukraine War, Posing Energy Risk

Europe is set for the coldest winter since Russia’s invasion of Ukraine, pushing up already elevated energy costs as the continent dips into its gas reserves at a faster-than-usual rate. ›

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  • November 27th, 2024

Oil Stabilizes Before OPEC+ Meeting as Cease-Fire Reduces Risks

Oil steadied as signs OPEC+ will once again delay restoring some output countered easing geopolitical risk after a cease-fire agreement between Israel and Hezbollah. ›

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  • November 26th, 2024

Oil Steady as Traders Weigh Trump Tariff Threat, Cease-Fire Deal

Oil steadied as the market assessed President-elect Donald Trump’s threat of tariffs on Canada, Mexico and China, and progress on a cease-fire agreement between Israel and Hezbollah. ›

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  • November 25th, 2024

European Gas Prices Fluctuate With More Cold Weather on the Way

European natural gas prices fluctuated as traders assessed forecasts for a return of colder weather that may further test the region’s inventories. ›

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  • November 25th, 2024

Oil Falls as Bessent Seeks More US Output, Israel Nears Truce

Oil declined as Treasury Secretary nominee Scott Bessent pushed for increased US production and Israel said it’s potentially days away from a cease-fire deal with Lebanon’s Hezbollah. ›

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  • November 22nd, 2024

Oil Heads for Weekly Advance as Russia-Ukraine War Escalates

Oil headed for the biggest weekly gain since early October on an escalation of hostilities between Russia and Ukraine. ›

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  • November 21st, 2024

Oil Edges Higher as Traders Weigh Escalation of Ukraine Conflict

Oil rose, shrugging off another gain in US crude stockpiles, as the market weighed an escalation of the Russia-Ukraine war. ›

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  • November 20th, 2024

UK Gas Sees Biggest Premium Over European Benchmark Since 2021

Natural gas prices in the UK have this month commanded the biggest premium over the European benchmark since the end of 2021, underscoring how the nation without large storage sites is more vulnerable during colder weather. ›

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  • November 20th, 2024

Oil Steady as Industry Report Points to Rising US Stockpiles

Oil was steady as an industry report signaled a build in US crude inventories ahead of government figures. ›

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  • November 19th, 2024

Oil Steadies After Biggest Gain in Five Weeks on Weak Dollar

Oil steadied after the biggest gain in more than five weeks as the dollar weakened and a risk-on tone swept across wider markets. ›

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