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Industry News from Energy Services

  • April 11th, 2023

Europe Gas Slides As Forecasts Point to Warmer, Windier Weather

European natural gas prices slid further as weather forecasts point to warmer and windier weather, signaling lower consumption of the fuel. ›

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  • April 11th, 2023

Oil rises on China stimulus expectations, weaker dollar

Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles. ›

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  • April 5th, 2023

Gas: UK prices fall on lower consumption, ample supply

British wholesale gas prices fell on Wednesday morning on lower consumption and ample supply, while Dutch prices were largely flat as uncertainty around French nuclear output continued. ›

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  • April 5th, 2023

Oil prices edge up as OPEC+ output cuts, U.S. inventories brighten outlook

Oil prices rose on Wednesday, boosted by expectations of U.S. crude inventory declines as well as the latest output cut targets set by the OPEC+ producer alliance. ›

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  • April 4th, 2023

Gas: Prices mixed on lower imports, above average storage

British and Dutch gas prices were mixed on Tuesday morning as lower temperatures and reduced imports from Norway and Russia lent some support, while stable inventories put pressures on prompt prices. ›

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  • April 4th, 2023

Oil posts gains while attention shifts to demand side

Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact of higher prices on the global economy. ›

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  • April 3rd, 2023

Gas: Prices edge up on colder weather, lower wind

British and Dutch gas prices rose on Monday morning as colder weather forecasts and lower wind speeds increased demand and market players remained concerned over hydro levels ahead of summer. ›

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  • April 3rd, 2023

Oil surges as OPEC+ surprise output cuts shake markets

Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production jolted markets. ›

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