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Industry News from Energy Services

  • January 7th, 2022

EUROPE GAS-Prices mostly ease in volatile market amid healthy LNG supply

European and British wholesale gas prices mostly eased after an initially bullish start on Friday morning, as a steady stream of U.S. LNG arrivals continues to mitigate lower Russian gas flows. ›

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  • January 7th, 2022

Oil heads for best week since mid-Dec, Kazakhstan unrest stokes supply worries

Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fuelled by supply worries amid escalating unrest in Kazakhstan and outages in Libya. ›

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  • January 6th, 2022

EUROPE GAS-Prices mixed on Russian flows, LNG supply and weather outlook

European and British wholesale gas prices were mixed on Thursday morning, with some near-term contracts up due to a cold snap and continued low supplies from Russia but others down due to robust LNG supply and next week’s weather outlook. ›

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  • January 6th, 2022

Oil slips from one-month high after U.S. fuel inventory surge

Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand. ›

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  • January 5th, 2022

European gas prices rise with Russian pipeline stuck in reverse

European gas prices rose on Wednesday as gas flowed eastwards for the 16th successive day along a pipeline that usually sends deliveries from Russia to Europe and political tensions remained high. ›

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  • January 5th, 2022

Oil steadies as investors weigh impact of Omicron surge

Oil prices steadied on Wednesday as investors assessed the impact of a massive spike in COVID-19 cases caused by the Omicron variant, though the upside remained limited after U.S. fuel inventories climbed. ›

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  • January 4th, 2022

Gas prices surge in Europe over tight Russian supplies

European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads for colder weather. ›

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  • January 4th, 2022

Oil prices dip ahead of OPEC+ output policy meeting

Oil prices surrendered earlier gains on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply later on Tuesday amid diminishing concerns over the spread of the Omicron variant of COVID-19. ›

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