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Industry News from Energy Services

  • March 7th, 2023

European Gas Rebounds as Colder Weather Spreads Into April

European natural gas prices rebounded amid signs that colder-than-usual weather will extend into April, posing a potential pressure point for the region’s inventories. ›

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  • March 7th, 2023

Oil steady as supply worries offset China demand uncertainty

Oil prices were little changed on Tuesday, after rising for the past five sessions, as concerns about limited spare capacity in the market and uncertainty over Russian supplies offset mixed oil data from top crude importer China. ›

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  • March 6th, 2023

Oil down on China outlook, spotlight on Powell testimony

il prices slipped on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited U.S. Federal Reserve Chair Jerome Powell’s testimony this week. ›

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  • March 3rd, 2023

Oil set for weekly gain as China demand optimism trumps recession fears

Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China’s demand recovery overrode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe. ›

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  • March 2nd, 2023

Oil prices slip as global demand concerns weigh

Oil slipped on Thursday on worries about rising U.S. crude inventories and concerns about more rate hikes in Europe potentially hitting growth, paring this week’s gains on signs of a strong economic rebound in China. ›

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  • March 1st, 2023

Gas: Prices rise on cold weather forecast, further upside seen limited

British and Dutch gas prices rose on Wednesday morning as cold weather forecasts raises demand for heating; however, further upside is seen limited due to healthy inventories and strong flows of liquefied natural gas (LNG). ›

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  • March 1st, 2023

Oil prices rise as China factory bounce boosts demand outlook

Oil prices extended gains for a second session on Wednesday after a strong jump in manufacturing in China, the world’s top crude importer, boosted the outlook for global fuel demand. ›

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