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Industry News from Energy Services

  • October 6th, 2022

Oil hovers near three-week highs after OPEC+ agrees to slash crude output

Oil prices stabilised near three-week highs on Thursday after OPEC+ agreed to further tighten global crude supply with a deal to slash production by about 2 million barrel per day, the largest reduction since 2020. ›

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  • October 5th, 2022

Oil prices little changed ahead of OPEC+ talks on supply cut

Oil prices were little changed on Wednesday ahead of a meeting of OPEC+ producers to discuss a big cut in crude output after gaining more than 3% in the previous session. ›

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  • October 4th, 2022

European Gas Drops as Mild Weather and Stockpiles Ease Nerves

European natural gas prices extended declines as mild weather and ample stockpiles ease concerns about shortages. ›

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  • October 4th, 2022

Oil prices edge up ahead of OPEC+ meeting to discuss supply cuts

Oil prices edged higher on Tuesday as expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday offset concerns about the global economy. ›

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  • October 3rd, 2022

European Gas Slides as EU’s Moves Reduce Risks for This Winter

Natural gas prices in Europe fell amid signs it will be able to navigate this winter as the EU promised more steps to contain the crisis after an initial package was agreed last week. ›

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  • October 3rd, 2022

Oil rebounds 3% as OPEC+ weighs biggest output cut since 2020

Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day, for its biggest reduction since the pandemic, in a bid to support the market. ›

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