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Industry News from Energy Services

  • April 28th, 2023

European Gas Falls for Fourth Week Amid Elusive Demand Pick-Up

European natural gas prices are headed for a fourth consecutive weekly slide, with demand for the fuel not expected to pick up until later this year. ›

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  • April 28th, 2023

Oil poised for weekly dip as recession fears, rates cloud outlook

Oil prices crept higher on Friday, but headed for a second week of declines as disappointing U.S. economic data and uncertainty over further interest rate hikes weighed on the demand outlook. ›

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  • April 27th, 2023

Gas: Prices dip on strong supply, warmer temperatures

British and Dutch wholesale gas prices edged lower on Thursday morning due to strong supply and weaker demand as temperatures are set to rise. ›

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  • April 27th, 2023

Oil prices find some support after heavy losses on US recession fears

Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts. ›

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  • April 26th, 2023

Oil rises as falling US inventories refocus market on demand

Oil rose on Wednesday after plunging more than 2% in the previous session as reports of falling U.S. crude oil and fuel inventories refocused investors on robust demand in the world’s top oil consumer. ›

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  • April 25th, 2023

Gas: Prices barely changed on storage, healthy supply

British and Dutch wholesale gas prices were barely changed on Tuesday as forecasts showed cooler weather over the next couple of days, but solid inventories and strong flows of liquefied natural gas (LNG) were bearish drivers. ›

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  • April 25th, 2023

Oil prices stable as investors ponder China demand, rate hikes

Oil prices held steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth. ›

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  • April 24th, 2023

Oil prices fall 1% on uncertainty over global outlook, rate hikes

Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. ›

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  • April 21st, 2023

High LNG stocks in North Asia, weak demand leads to more storage at sea

Volumes of liquefied natural gas (LNG) stored at sea have increased on an annual basis this month, driven by more vessels in Asia amid high inventories and slow spot demand in Japan, China and South Korea, analysts say. ›

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  • April 21st, 2023

Oil dips on recession fears, slower demand

Oil prices eased for the third straight day on Friday and looked set for a hefty weekly loss as softening U.S. economic data and a rise in U.S. gasoline inventories raised concerns about a recession and slower global oil demand. ›

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