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Industry News from Energy Services

  • February 14th, 2022

Oil steady, near seven-year high on Ukraine-Russia tensions

Oil prices were steady on Monday in seesaw trading, after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top producers. ›

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  • February 11th, 2022

Oil prices gain after IEA says market tight

Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight, but were still heading for weekly losses on inflation worries and U.S.-Iran which could boost global supplies. ›

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  • February 10th, 2022

EUROPE GAS-Prices hold steady as bullish risk premium fades

British and Dutch gas prices traded mostly sideways on Thursday, finding some support from lower Russian pipeline flows, but mild weather and lower demand dampened the upside potential. ›

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  • February 10th, 2022

Oil drops on potential for U.S.-Iran talks to add crude supplies

Oil prices fell on Thursday, after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors await the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. ›

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  • February 9th, 2022

EUROPE GAS-Price mixed as LNG flows help calm geopolitical concerns

British and Dutch gas prices were mixed on Wednesday as a strong flow of liquefied natural gas (LNG) helped calm market concerns over tensions between Russia and the West over Ukraine and the potential impact on gas supply. ›

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  • February 9th, 2022

Oil prices fall on profit-taking, despite API data surprise

Oil prices slipped for a third session on Wednesday on profit taking due to concerns of a possible rise in supplies from Iran despite industry data showing a surprised drop in U.S. oil inventories. ›

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  • February 8th, 2022

EUROPE GAS-Price rise on French nuclear output forecast cuts

British and Dutch gas prices strengthened on Tuesday morning after France’s EDF lowered its nuclear output expectations, which could lift gas-for-power demand. ›

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  • February 8th, 2022

Oil slips from 7-year highs ahead of more U.S.-Iran talks

Oil prices eased on Tuesday ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. ›

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  • February 7th, 2022

EUROPE GAS-Price dip as mild temperatures curb demand

British and Dutch gas prices fell on Monday morning with milder than previously expected temperatures curbing demand for gas. ›

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  • February 7th, 2022

Oil fluctuates as market focuses on tight supply, U.S.-Iran talks

Oil prices bounced around on Monday in see-saw trading, with some investors taking profits after signs of progress in the U.S.-Iran nuclear talks while others kept bullish sentiment bolstered by rising consumption amid ongoing supply constraints. ›

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