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Industry News from Energy Services

  • August 16th, 2023

Gas: Volatility persists as market weighs supply risks, full storage

Dutch wholesale gas prices fluctuated on Wednesday morning as traders gauged the impact of full inventories against potential supply disruptions at Australian liquefied natural gas (LNG) facilities and Norwegian maintenance. ›

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  • August 16th, 2023

Oil falls on China worries despite tighter US supply

Oil prices edged down on Wednesday, extending a 1% drop in the previous session, as worries about China’s struggling economy outweighed declining U.S. stockpiles. ›

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  • August 15th, 2023

Oil edges up as China cuts policy rates to support economy

Oil prices edged higher on Tuesday as China unexpectedly cut key policy rates for the second time in three months to shore up a sputtering economic recovery, although sluggish economic out of Beijing put a lid on gains. ›

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  • August 14th, 2023

Gas: Prices rise as markets await clarity on possible Australian LNG strikes

Dutch and British wholesale gas prices rose on Monday morning as markets await clarity on whether strikes at Australia liquefied natural gas (LNG) facilities will go ahead. ›

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  • August 14th, 2023

Oil down 1% on strong dollar, China economy worries

Oil prices declined more than 1% on Monday as concerns about China’s faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. ›

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  • August 11th, 2023

Europe Gas Set for Biggest Weekly Gain in Two Months on LNG Risk

European natural gas prices are headed for the biggest weekly gain since June as jitters re-emerge about the continent’s ability to secure enough supplies ahead of winter. ›

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  • August 11th, 2023

Oil prices fall slightly, investors weigh China data against OPEC optimism

Oil prices fell marginally on Friday as investors weighed optimistic demand forecasts from the OPEC producer group against mixed economic data in top importer China. ›

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  • August 10th, 2023

European Gas Swings as Australia LNG Strike Fears Rattle Market

European natural gas fluctuated in a sign of continued market jitters as traders monitor possible industrial action in Australia that could disrupt global supply. ›

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  • August 10th, 2023

Oil firms to multi-month highs, eyes on US inflation data

Oil recouped early marginal losses on Thursday, climbing to multi-month peaks as the market weighed supply tightness concerns with fuel demand worries ahead of key U.S. inflation data. ›

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  • August 9th, 2023

Oil rises as tighter supply offsets China demand concern

Oil edged higher on Wednesday as tighter supply arising from output cuts by Saudi Arabia and Russia offset concerns over slow demand from top crude importer China and a report showing rising U.S. crude inventories. ›

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