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Industry News from Energy Services

  • March 24th, 2022

Oil prices see-saw amid hopes of Iran deal, supply woes linger

Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in tight markets amid prospects of a new Iran deal. ›

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  • March 23rd, 2022

Gas: Prices rise ahead of EU gas storage proposal

British and Dutch wholesale gas prices rose on Wednesday morning as wind power remains below seasonal normal levels and the European Commission gears up to propose minimum gas storage levels. ›

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  • March 23rd, 2022

Oil rises in volatile trade on supply concerns from Russia sanctions

Oil prices rose on Wednesday amid volatile trading on increasing concerns of global supply tightness from sanctions imposed on Russia, the world’s second-largest oil exporter, and on signs that exports from Kazakhstan may be disrupted. ›

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  • March 22nd, 2022

Oil extends rally as EU members weigh Russian ban, Houthis target Saudi

Oil prices extended gains on Tuesday as some European Union members discussed a potential oil embargo on Russia and attacks by Yemen’s Iran-aligned Houthi group on Saudi energy and water desalination facilities sent jitters through the market. ›

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  • March 21st, 2022

Gas: Prices mixed in volatile trading driven by supply uncertainty

British and Dutch gas prices were mostly up in volatile trading on Monday morning, as broadly steady flows of Russian and higher flows of Norwegian gas failed to relieve concerns of supply cuts and forecasts show cooler weather next week. ›

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  • March 21st, 2022

Oil jumps as EU weighs Russian ban, Saudi refinery output hit

Oil prices jumped more than $3 on Monday, with Brent above $111 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters. ›

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  • March 18th, 2022

Gas: Prices mixed on lower Russian flows, outages, demand outlook

British and Dutch gas prices were mixed on Friday morning amid slightly lower Russian flows through two pipelines, expectations of Norwegian outages and a mixed outlook for demand next week. ›

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  • March 18th, 2022

Oil gains as Russia-Ukraine talks stall

Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to oil supply. ›

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  • March 17th, 2022

Prices rebound on lower Norwegian supply, wind output outlook

British and Dutch gas prices rose on Thursday morning as Norwegian exports fell due to an outage and on expectations of lower wind power generation. ›

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  • March 17th, 2022

Oil surges after IEA warns of shortfall in supply

Oil prices climbed about 3% on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products from April. ›

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