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Industry News from Energy Services

  • August 5th, 2022

Oil prices climb as supply shortage concerns outweigh demand worries

Oil prices rose on Friday, bouncing off their lowest levels since February in the previous session, as supply shortage concerns were enough to cancel out fears of slackening fuel demand. ›

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  • August 4th, 2022

European Gas Falls With US LNG Plant Poised for Quick Restart

Natural gas prices in Europe headed for a second day of losses, with signs of extra supplies from the US offsetting concerns about shipments from Russia. ›

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  • August 4th, 2022

Oil prices edge up on supply concerns after drop to near 6-month low

Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand. ›

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  • August 3rd, 2022

European Gas Swings as Traders Seek Clarity on Russian Flows

Natural gas prices in Europe fluctuated after two days of gains as Russian supplies remain stable, albeit low, and traders seek more clarity on Moscow’s next move. ›

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  • August 3rd, 2022

Oil prices dip ahead of OPEC+ meeting

Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of fears that a slowdown in global growth will hit fuel demand. ›

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  • August 2nd, 2022

Oil slips as global demand concerns weigh, OPEC+ meeting eyed

Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC+ producers meet this week to decide whether to increase supply. ›

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  • August 2nd, 2022

European Gas Extends Gains With Russia Risk and Demand in Focus

European natural gas prices advanced as traders seek clarity on supplies from Russia and the pace of demand destruction in the region. ›

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  • August 1st, 2022

Gas: Prices rise on UK outages, Russian supply fears

British and Dutch wholesale gas prices inched up on Friday, supported by heavy maintenance at UK natural gas production facilities and continued uncertainty related to Russian supplies to Europe. ›

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  • August 1st, 2022

Oil drops as weak China factory data fan demand concerns

Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on the outlook for demand, while investors braced for this week’s meeting of officials from OPEC and other top producers on supply adjustments. ›

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