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Industry News from Energy Services

  • January 21st, 2022

Oil falls as investors scoop up profits after U.S. inventory build

Oil prices fell on Friday, after rising to seven-year highs this week, as investors took profits following a build-up in U.S. crude and fuel inventories, though overall sentiment remained solid due to concerns over tight supply and geopolitics. ›

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  • January 20th, 2022

EUROPE GAS-Prices fall as supply swells, temperatures set to rise

British and Dutch gas prices fell on Thursday morning on strong supplies of Norwegian gas and liquefied natural gas (LNG) and with temperatures set to rise. ›

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  • January 20th, 2022

Oil prices slip from 2014 highs, supply concerns limit losses

Oil slipped on Thursday as investors took profits following a month-long rally in prices, but strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. ›

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  • January 19th, 2022

EUROPE GAS-Prices tumble on improved Norwegian flows, strong LNG supply

British and Dutch gas prices fell on Wednesday morning, weighed down by improving flows of Norwegian gas, strong supply of liquefied natural gas (LNG) and mild weather forecasts. ›

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  • January 19th, 2022

Oil highest since 2014 as Turkey outage adds to tight supply outlook

Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. ›

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  • January 18th, 2022

EUROPE GAS-Prices mostly fall as LNG, mild forecast offset lower pipeline flows

British and Dutch gas prices were mostly lower on Tuesday morning as high volumes of liquefied natural gas (LNG) and mild forecasts weighed on prices. ›

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  • January 18th, 2022

Oil climbs to more than 7-year high on Mideast tensions, tight supply

Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. ›

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  • January 17th, 2022

EUROPE GAS-Prices decline on robust LNG supply, higher wind output

British and Dutch gas prices mostly declined on Monday morning on robust liquefied natural gas (LNG) volumes and as higher wind power output was set to lower gas-for-power demand. ›

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  • January 17th, 2022

Yamal gas pipeline flows still heading eastward from Germany to Poland

The Yamal-Europe pipeline, which usually sends Russian gas west into Europe, continued to send gas eastward from Germany to Poland for a 28th successive day on Monday, data from German network operator Gascade showed. ›

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  • January 17th, 2022

Oil climbs on supply worries, limited Omicron impact

Oil prices rose on Monday, with Brent futures touching their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant. ›

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