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Industry News from Energy Services

  • June 15th, 2023

Oil rebounds on strong China refinery data but economic outlook caps gains

Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic backdrop capped gains. ›

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  • June 14th, 2023

Europe Gas Falls as Goldman Sees Little Impact of Norway Outages

European natural gas erased some of Tuesday’s gains with Goldman Sachs Group Inc. saying weakened demand will neutralize the extension of supply outages in Norway. ›

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  • June 14th, 2023

Oil rises slightly as market awaits US Federal Reserve rate outlook

Oil prices inched up on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting, key economic data from China and government data on U.S. crude stockpiles. ›

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  • June 13th, 2023

Gas: Prices rebound after Norwegian outage extended

Wholesale British and Dutch gas prices rebounded on Tuesday afternoon, after earlier losses, after an outage at Norway’s Nyhamna gas processing plant was extended. ›

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  • June 13th, 2023

Europe Gas Prices Extend Fall as Traders Evaluate Supply Strains

European natural gas futures eased for a second consecutive day on Tuesday, easing some strains on the market after days of volatile trading. ›

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  • June 13th, 2023

Oil prices climb on bargain hunting ahead of US Fed rate decision

Oil prices traded up on Tuesday on bargain hunting, recovering some ground from the previous day’s plunge, but gains were limited as investors remained cautious ahead of key policy decisions by the U.S. Federal Reserve and other central banks. ›

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  • June 12th, 2023

Gas: Prices mixed on Norwegian outages, lower demand

Wholesale British and Dutch gas prices were mixed on Monday morning on Norwegian outage, lower wind and lower flows of liquefied natural gas (LNG), although rising temperatures across Europe are expected to keep demand low. ›

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  • June 12th, 2023

Oil prices fall, U.S. Fed rate decision in focus

Oil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. ›

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  • June 9th, 2023

Gas: Prices rise on Norwegian outages, lower forecast wind

Wholesale British and Dutch gas prices mostly rose on Friday morning as Norwegian gas outages were extended and lower wind output is forecast for the coming week. ›

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  • June 9th, 2023

Oil prices poised for second straight week of losses as China recovery disappoints

Oil prices looked set to post their second straight weekly loss, as prices continued to fall on Friday over concerns about demand from China and due to scepticism over the United States and Iran striking a nuclear deal. ›

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