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Industry News from Energy Services

  • September 7th, 2022

Oil Hits Lowest Since January as Dollar, Demand Concerns Flare

Oil sank to the lowest since January as the dollar surged to a record and global demand concerns escalated, including in lockdown-hit China. ›

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  • September 7th, 2022

Europe Gas Extends Losses as Politicians Rush to Contain Crisis

European natural gas prices erased earlier gains, with traders weighing supply risks against regional moves to stem the effects of the worst energy crisis in decades. ›

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  • September 6th, 2022

Oil prices inch lower on symbolic OPEC+ output cut

Oil prices edged lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to bolster prices after the market’s recent slide. ›

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  • September 6th, 2022

Gas Drops as Traders Assess Europe’s Moves to Fix Energy Crisis

European natural gas prices eased with politicians scrambling to fix a deepening energy crisis after Moscow switched off its main pipeline to the continent. ›

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  • September 5th, 2022

Europe Scrambles to Respond as Gas Prices Surge: Energy Update

Europe is racing to stave off an energy catastrophe this winter that’s threatening to turn into an economic and financial crisis too. ›

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  • September 5th, 2022

Oil prices climb over $2/bbl ahead of OPEC+ meeting

Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. ›

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  • September 2nd, 2022

Russian Gas Link Set to Restart as Traders Weigh Further Halts

Russia looks set to resume gas supplies through its key pipeline to Europe, a relief for markets even as fears persist about more halts this winter.  ›

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  • September 2nd, 2022

Oil’s Rough Week Ends With Rebound on OPEC+ Risk, Iran Setback

Oil rose on Friday — paring a hefty weekly decline — before an OPEC+ meeting on supply at which Saudi Arabia could push for output cuts, and as efforts to revive an Iranian nuclear accord suffered a setback. ›

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  • September 1st, 2022

Europe Gas Falls Further on Easing Demand and Higher Stockpiles

European natural gas declined for a fourth day as a recent record surge eroded demand, while a rapid filling of storage sites is helping ease some concerns over Russian supply. ›

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  • September 1st, 2022

Oil drops on fears over weaker demand, China’s COVID restrictions

Oil prices dropped on Thursday, as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand, while renewed restrictions to curb COVID-19 in China also added pressure. ›

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