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Industry News from Energy Services

  • June 30th, 2023

Europe Gas Set for Biggest Monthly Gain in a Year on Volatility

European natural gas is set for its biggest monthly gain since last summer, near the height of the region’s energy crisis, following the most volatile stretch for trading this year. ›

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  • June 30th, 2023

Oil heads for first monthly gain this year as supply tightens

Oil prices stayed steady on Friday with Brent poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks outweighed concerns that fuel demand will be dented further by more interest rate rises. ›

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  • June 29th, 2023

Oil prices fall on concerns of slow fuel demand, weak China data

Oil prices fell on Thursday, paring some of the previous day’s gains, as investors took profits on concerns of further interest rate hikes dampening economic growth and global fuel demand while weak economic data in China also weighed on sentiment. ›

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  • June 28th, 2023

Gas: Prices decline on higher wind, softer consumption forecasts

Dutch and British wholesale gas prices declined on Wednesday morning on higher wind output forecasts, softer consumption and healthy storage levels. ›

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  • June 28th, 2023

Oil rises on large US stock draws, but rate hike fears linger

Oil prices edged higher on Wednesday after industry data showed a larger-than-expected drawdown of U.S. inventories, signalling robust demand from the world’s biggest oil consumer, but the gains were limited by worries over interest rate hikes. ›

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  • June 27th, 2023

European Gas Edges Higher as Market Turns Focus to Hot July

European natural gas rose as traders turned their attention to forecasts for hotter weather next month, which is likely to stimulate demand, even as supply risks remain. ›

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  • June 27th, 2023

Oil rises on supply worries, U.S. summer demand hopes

Oil prices edged higher on Tuesday, spurred by worries about political instability in Russia and possible supply disruptions, as well as U.S. demand hopes ahead of the summer driving season. ›

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  • June 26th, 2023

European Gas Prices Rise as Russian Mutiny Adds to Supply Fear

European natural gas jumped as nervousness over a short-lived rebellion in Russia added to supply fears in an already volatile market. ›

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  • June 26th, 2023

Oil rises on supply concerns fuelled by Russian political turmoil

Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world’s largest producers. ›

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  • June 23rd, 2023

Gas: Prices mostly lower on weak demand

British and Dutch gas prices were mostly lower on Friday morning on weak demand and slightly higher Norwegian exports. ›

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