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Industry News from Energy Services

  • June 17th, 2022

Oil lower on demand concerns, but tight supply caps downside

Oil prices edged lower on Friday as demand concerns emerged following this week’s rate hikes, although persisting supply tightness and new sanctions on Iran limited the downside. ›

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  • June 16th, 2022

Oil prices fall after U.S. rate hike, but tight supply still in focus

Oil prices erased early gains to head lower on Thursday, a day after a fall triggered by a U.S. interest rate hike, though tight supply limited losses. ›

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  • June 16th, 2022

European Gas Rises Further as Russian Cuts Escalate Energy War

Natural gas prices in Europe jumped after Russia stepped up an energy war by cutting supplies through the largest link to the continent to less than half of its usual volumes. ›

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  • June 15th, 2022

Gas Surges in Europe as Heat Wave Clashes With Supply Cuts

European natural gas prices jumped as reduced supplies raised concerns about the pace of refilling storage sites in time for next winter, just as a heat wave boosts demand for cooling. ›

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  • June 15th, 2022

Oil prices climb, but expected U.S. interest rate hike looms

Oil prices rose on Wednesday, rebounding from losses earlier in the session amid concerns over fuel demand and the broader economy ahead of an expected big hike in interest rates by the U.S. Federal Reserve. ›

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  • June 14th, 2022

European Gas Prices Rise as Fluctuating Flows Stoke Supply Fears

European natural gas extended gains Tuesday as fluctuating pipeline flows from Russia stoked supply concerns. ›

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  • June 14th, 2022

Oil prices rise as tight supply counters China COVID, recession worries

Oil prices rose about $1 in volatile trade on Tuesday as tight global supplies outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. ›

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  • June 13th, 2022

European Gas Prices Drop as Muted Demand Offsets Supply Concerns

European natural gas prices declined on Monday as muted demand helped to ease a tight market. ›

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  • June 13th, 2022

Oil falls on Beijing’s COVID-19 warning and inflation concerns

Oil prices dropped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing dashed hopes for a rapid pick-up in China’s fuel demand, while worries about global inflation and sluggish economic growth further depressed the market. ›

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  • June 10th, 2022

Oil prices on track for weekly gain amid high U.S. demand

Oil rose on Friday and was on track for another weekly gain supported by solid fuel demand in the United States, although fresh COVID-19 alerts in Shanghai and Beijing curbed gains ›

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