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Industry News from Energy Services

  • September 23rd, 2022

European Gas Heads for Fourth Weekly Loss as Stockpiles Fill Up

Natural gas prices in Europe headed for a fourth weekly loss, as ample supplies of liquefied natural gas help countries fill reservoirs days ahead of the start of the heating season. ›

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  • September 23rd, 2022

Oil prices edge down, recession fears back in focus

Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow’s new mobilisation campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal. ›

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  • September 22nd, 2022

Oil rises as supply fears outweigh recession worries

Oil rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. ›

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  • September 21st, 2022

European Gas Jumps on Winter Risks as Putin Steps Up Ukraine War

European natural gas prices rose as traders assessed the security of winter supply with Russia stepping up its war in Ukraine, even as nations deepened efforts to prevent the energy crisis from snowballing. ›

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  • September 21st, 2022

Oil prices surge more than 2% as Putin mobilises more troops

Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. ›

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  • September 20th, 2022

Europe Gas Falls Again as Nations Step Up Efforts to Ease Crisis

European natural gas prices fell further as politicians intensified efforts to stave off an energy crisis with winter just days away. ›

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  • September 20th, 2022

Oil prices little changed on expectations that Fed rate hike will curb demand

Oil prices steadied on Tuesday on concerns that further U.S. interest rate hikes this week to tame inflation will curb economic growth and fuel demand in the world’s biggest oil consumer. ›

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  • September 16th, 2022

Gas: Prices fall on stable flow of Norwegian gas, storage buildup

British and Dutch gas prices fell on Friday amid stable Norwegian gas flows and a steady rise in storage levels despite the shutdown of Russian flows via Nord Stream pipeline. ›

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  • September 16th, 2022

European Gas Halts Weekly Advance Amid Push to Ease Crisis

Natural gas prices dropped on Friday, erasing a weekly advance, as the European Union seeks consensus on its plans to ease the worst energy crisis in decades. ›

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  • September 16th, 2022

Oil ticks up, but on track for weekly loss on recession fears

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. ›

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