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Industry News from Energy Services

  • July 6th, 2022

Gas: Prices fall as strike in Norway ends

British wholesale gas prices fell sharply on Wednesday morning after a strike in the Norwegian oil and gas sector threatening a 13% export cut ended overnight, easing supply concerns. ›

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  • July 6th, 2022

Europe Gas Drops as Norway Resolves Strike, Easing Supply Crunch

European natural gas prices halted their rally after Norway’s government intervened to end an energy workers’ strike and Germany took steps to ease its supply crunch. ›

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  • July 6th, 2022

Oil prices bounce back from Tuesday tumble as supply concerns return

Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger. ›

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  • July 5th, 2022

Europe Gas Trades Near 4-Month High With Norway, Russia in Focus

European natural gas prices extended gains to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades. ›

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  • July 5th, 2022

Brent oil falls as recession fears increase fuel demand concerns

Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway. ›

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  • July 4th, 2022

European Gas Rises With Norway Strike Adding to Supply Fears

Natural gas prices in Europe advanced as planned strikes in Norway threaten to further tighten a market that’s already reeling from Russia’s supply cuts. ›

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  • July 4th, 2022

Oil prices reverse losses, gain on tight supply concerns

Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession. ›

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  • July 1st, 2022

Oil prices fall on recession fears, on track for third weekly loss

Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. ›

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  • July 1st, 2022

European Gas Set for Third Weekly Rise as Supply Worries Deepen

Natural gas prices in Europe headed for the longest streak of weekly gains this year as a prolonged shutdown of a key export facility in the US further tightens a market that’s already reeling from Moscow’s supply cuts. ›

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