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Industry News from Energy Services

  • September 30th, 2022

European Gas Prices Swing as EU Ministers Meet to Contain Crisis

Natural gas prices in Europe fluctuated as energy ministers gathered for an emergency meeting for a second time in less than a month in an effort to control a crisis that’s threatening the region’s economy. ›

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  • September 30th, 2022

Oil poised for weekly gain on prospect of OPEC+ output cut, weaker dollar

Oil prices were little changed during Asian trade on Friday, though headed for their first weekly gain in five weeks, underpinned by a weaker U.S. dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5. ›

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  • September 29th, 2022

Europe Gas Eases With Traders Weighing Impact of Pipeline Blasts

European natural gas prices fell after a two-day rally as traders assessed risks to supply over the winter amid heightened tensions with Russia, even as steadily filling inventories ease some nerves. ›

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  • September 29th, 2022

Oil drops on dollar strength, but OPEC+ talks offer support

Oil prices fell on Thursday, with a stronger dollar paring the previous day’s more than $3 gain, though losses were capped by indications that the OPEC+ producer group might cut output. ›

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  • September 28th, 2022

European Gas Jumps as Energy Conflict With Russia Escalates

Natural gas prices in Europe surged after Russia said it may cut off supplies via Ukraine, the last route still delivering the fuel to western Europe. ›

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  • September 28th, 2022

Oil prices fall more than 1% as dollar scales new peak

Oil prices fell more than 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian. ›

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  • September 27th, 2022

European Gas Prices Rise Amid Outages at Idled Russian Pipelines

European natural gas advanced after four days of losses, with traders weighing risks to Russia’s future supplies to the continent against rising stockpiles and steps to reduce demand. ›

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  • September 27th, 2022

Oil rises as focus turns to possible supply cuts

Oil prices rose more than 1% on Tuesday, after plunging to nine-month lows a day earlier, amid indications that producer alliance OPEC+ may enact output cuts to avoid a further collapse in prices. ›

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  • September 26th, 2022

Oil prices fall for a second day on concerns for expected recession

Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude. ›

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  • September 23rd, 2022

Gas: Prices edge down on higher wind output forecasts

British and Dutch wholesale gas prices edged down on Friday morning amid higher wind output forecasts for next week and lower-than-expected consumption in northwest Europe. ›

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