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Industry News from Energy Services

  • October 11th, 2023

European Gas Rally Pauses as Traders Await Clarity on LNG Talks

Europe’s rally in natural gas futures took a breather, with traders awaiting clarity on Wednesday’s talks between Chevron Corp. and its workers at a liquefied natural gas plant in Australia. ›

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  • October 11th, 2023

Oil ticks up on lingering worries about supply disruptions

Oil edged higher on Wednesday as investors grappled with the prospect of supply disruptions due to the Middle East turmoil. ›

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  • October 10th, 2023

Egypt Weighs Impact of Israel Gas-Field Halt on LNG Exports

Egypt is weighing the impact of a halt in production at Israel’s Tamar gas field on its plans to resume LNG exports to Europe, according to officials. ›

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  • October 10th, 2023

Oil dips on investor caution as market eyes Middle East turmoil

Oil prices eased on Tuesday after rallying more than 4% in the previous session, with traders cautious as they watched for potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas. ›

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  • October 9th, 2023

European Gas Price Surges Above €40 Amid Pipe Leak And Oil Gains

Europe’s natural gas futures jumped after a leak was discovered on a pipeline in the Baltic region, sparking concerns about security of infrastructure as the winter approaches. ›

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  • October 9th, 2023

Oil prices jump as Middle East violence rattles markets

Oil prices were up more than $3 a barrel in Asian trade on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about supplies. ›

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  • October 6th, 2023

Oil prices hold steady, Russia rolls back diesel export ban

Oil prices were stable on Friday but were on course for a week-on-week loss, as demand fears driven by macroeconomic headwinds were compounded by another partial lifting of Russia’s fuel export ban on Friday. ›

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  • October 5th, 2023

European Gas Swings as Tepid Demand Counters Weather Risks

European natural gas prices fluctuated after a brief rebound on Wednesday, as lackluster demand counters concerns about potential cold spells later this month. ›

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  • October 5th, 2023

Oil up after OPEC+ maintains output cuts but shaky demand caps gains

Oil prices inched up on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight, though an uncertain demand outlook capped gains. ›

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  • October 4th, 2023

Europe Gas Prices Halt Slump With Focus on Weather Forecasts

European natural gas futures drifted higher after a steep decline earlier this week, with traders weighing different weather forecasts to gauge fuel needs at the start of the heating season. ›

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