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Industry News from Energy Services

  • April 20th, 2023

Oil falls amid demand concerns and strengthening dollar

Oil prices were down in Asian trade on Thursday as the U.S. dollar strengthened on rate-hike expectations and after recent economic data from the U.S. and China did not do enough to encourage expectations that demand will improve. ›

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  • April 19th, 2023

Oil dips as potential Fed rate hike overshadows falling stocks

Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could slow growth and dampen oil consumption, offsetting falling U.S. inventories and strong Chinese economic data. ›

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  • April 18th, 2023

European Gas Prices Edge Up as Cool and Calmer Weather Forecast

European natural gas prices moved higher amid a forecast for colder and calmer weather that could boost demand at a time when stockpiles are set to be refilled. ›

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  • April 18th, 2023

Oil edges up as Chinese economic recovery gathers pace

Oil firmed slightly on Tuesday, recovering from a 2% slide in the previous session, as faster than expected economic growth in top crude importer China supported the demand outlook and offset fears over U.S. interest rates. ›

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  • April 17th, 2023

Oil steady as market awaits China GDP data

Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world’s second-largest oil consumer. ›

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  • April 14th, 2023

Europe Gas Heads for Weekly Decline With Start of Storage Refill

European natural gas headed for a second weekly decline as demand switched from heating needs to securing inventories for next winter. ›

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  • April 14th, 2023

Oil climbs on tightening supply; IEA demand outlook awaited

Oil prices rose on Friday on worries over tightening supply, with the market looking ahead to the International Energy Agency’s (IEA) monthly report later in the day to clarify the global demand outlook. ›

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  • April 13th, 2023

Gas: Prices edge down on healthy supply

British and Dutch wholesale gas prices edged down on Thursday morning on healthy supply. ›

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  • April 13th, 2023

Oil falls as investors cautious about U.S. recession risk

Oil prices retreated on Thursday after rising for two sessions, with investors still showing lingering concern over a possible U.S. recession and weaker oil demand. ›

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  • April 12th, 2023

Oil edges up as market awaits key US inflation data

Oil prices edged up on Wednesday as the market waited for U.S. inflation data later in the day that will likely influence the Federal Reserve’s policy on future interest rate hikes. ›

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