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Industry News from Energy Services

  • January 31st, 2023

Europe Gas Jumps With Weather Forecasts Turning Cooler Next Week

European natural gas rebounded as forecasts showed the weather turning cooler than previously estimated next week. ›

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  • January 31st, 2023

Oil slips on rate hike worries, Russian export flows

Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. ›

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  • January 30th, 2023

European Gas Prices Swing as Traders Track Demand, Stockpiles

European natural gas fluctuated as the return of warmer weather keeps a lid on heating demand, even as cheaper fuel brings the possibility of a rebound in industrial consumption. ›

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  • January 30th, 2023

Oil falls ahead of OPEC+, U.S. Federal Reserve meetings

Oil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve meeting that may spur market volatility. ›

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  • January 27th, 2023

European Gas Extends Weekly Loss With Prospect of More US LNG

European natural gas slid for a fifth straight day amid prospects that a long-shut export terminal in the US might resume shipments later this quarter. ›

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  • January 27th, 2023

Oil prices advance on U.S. growth, Chinese recovery hope

Oil prices edged ahead for a second session on Friday, buoyed by stronger-than-expected U.S. economic growth and hopes of a rapid recovery in Chinese demand as COVID-19 cases and deaths plunged from last month’s peak levels. ›

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  • January 26th, 2023

European Gas Swings After Slump With Asian Demand in Focus

European natural gas fluctuated after three days of declines, with traders weighing risks of increased competition with Asia for the vital fuel after the recent slump in prices. ›

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  • January 26th, 2023

Oil steady as market awaits more supply clarity

SINGAPORE, Jan 26 (Reuters) – Oil prices were steady on Thursday after U.S. crude stocks climbed less than expected, while investors awaited further clarity on supply drivers, including an OPEC+ meeting and the looming EU ban on Russian refined products. ›

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  • January 25th, 2023

Oil rises on China recovery hopes, OPEC+ seen standing pat

Crude oil prices inched higher on Wednesday as optimism for a demand recovery in China and expectations that major producers will maintain current output policy offset global recession worries. ›

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  • January 24th, 2023

Gas: Prices fall on rising wind power, milder temperatures

British and Dutch wholesale gas prices edged lower on Tuesday as forecasts for milder temperatures and increased wind power output curbed demand. ›

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