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Industry News from Energy Services

  • October 14th, 2022

Europe Gas Poised for Weekly Loss as Nations Fill Up Stocks

Natural gas prices headed for a weekly loss as countries ramp up stockpiles that will work as a buffer to help see Europe through the winter, even if Russia cuts further supplies. ›

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  • October 14th, 2022

Oil inches up on weaker dollar, low U.S. diesel stocks

Oil prices reversed earlier losses and inched up in Asian trade on Friday, supported by a weaker U.S. dollar and falling diesel inventories, while Saudi Arabia and Washington continued to clash over plans by OPEC+ to slash production. ›

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  • October 13th, 2022

Europe Gas Jumps as Worries Over Norway Flows Add to Russia Risk

European natural gas jumped as worries over major facilities in Norway added to supply risks from Russia. ›

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  • October 12th, 2022

Europe Gas Swings as Russian War Risk Counters Higher Stockpiles

European natural gas prices fluctuated as fears that Russia’s escalating war in Ukraine could hit supplies countered steadily building stockpiles in the continent. ›

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  • October 12th, 2022

Oil prices extend decline on recession fears, China COVID curbs

Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China. ›

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  • October 11th, 2022

Oil prices inch lower as dollar firms, China COVID worries dent demand

Oil prices slid on Tuesday, extending losses of nearly 2% in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China raised concerns of slowing global demand. ›

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  • October 10th, 2022

Europe Gas Prices Swing on Ukraine Pipeline Risk, High LNG Flows

Natural gas prices fluctuated as traders weighed the potential for supply disruptions — due to an escalation of Russia’s war in Ukraine — against strong LNG imports elsewhere in Europe. ›

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  • October 10th, 2022

Oil falls as investors take profit amid China demand concerns

Oil prices fell on Monday, snapping five days of gains, as investors took profits after a report on slowing economic activity in China, the world’s biggest crude importer, re-ignited concerns about falling global fuel demand. ›

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  • October 7th, 2022

Oil prices rise 1% on cuts to OPEC+ output targets

Oil prices rose about 1% on Thursday, holding at three-week highs after OPEC+ agreed to tighten global supply with a deal to cut production targets by 2 million barrels per day (bpd), the producers’ largest reduction since 2020. ›

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  • October 6th, 2022

Gas: Prices rise on Malaysia LNG outage, wider supply concerns

Dutch and British wholesale gas prices rose on Thursday morning, driven by expectations of increased competition for liquefied natural gas (LNG) supplies and as concerns about post-winter stock build gained prominence. ›

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