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Industry News from Energy Services

  • May 4th, 2023

Dutch benchmark remains at 21-month low on lower demand, high stocks

The European benchmark gas price remained at its lowest level in 21 months on Thursday amid solid inventories, strong flows of liquefied natural gas (LNG) and low consumption due to mild weather and strong winds. ›

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  • May 4th, 2023

Oil prices recover after three-day plunge; demand worries linger

Oil prices rose on Thursday but were unable to claw back the more than 9% decline during the previous three days as demand concerns in major consumers overrode signals that the U.S. may pause its interest rates increases. ›

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  • May 3rd, 2023

Gas: Dutch benchmark hits 21-month low on abundant supply

The European benchmark gas price hit its lowest in 21 months on Wednesday amid healthy supply and lower demand because of milder, windier weather. ›

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  • May 3rd, 2023

Oil extends losses ahead of expected interest rate hikes

Oil extended losses on Wednesday after plunging 5% in the previous session, as investors priced in expectations for interest rate hikes in the U.S. and Europe and waited for clarity on future policy path. ›

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  • May 2nd, 2023

Gas: Prices fall on high wind power output

British and Dutch wholesale gas prices fell on Tuesday as expectations of strong wind power output curbed demand. ›

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  • May 2nd, 2023

Oil slips on weak China demand fears, U.S. rate rise forecast

Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest rate increase weigh on the market. ›

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