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Industry News from Energy Services

  • October 4th, 2023

Oil dips on worries over high interest rate, OPEC+ panel awaits

Oil fell on Wednesday ahead of a panel meeting of OPEC+ ministers, as the market weighed expectations of supply tightness against fears that high interest rates could reduce fuel demand. ›

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  • October 3rd, 2023

Europe’s November Gas Contract Slumps as Demand Collapses

Natural gas prices in Europe slumped as unusually warm weather destroys demand already eroded by weak appetite from industry. ›

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  • October 3rd, 2023

Oil falls 1% on strong US dollar, mixed supply cues

Oil prices slipped by around 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals. ›

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  • October 2nd, 2023

European Gas Prices Decline as Mild Weather Offsets Supply Risks

European natural gas prices declined as traders weighed supply risks against a mild weather forecast for October. ›

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  • October 2nd, 2023

Oil prices climb as risk appetite grows, focus returns to supply outlook

Oil prices edged up on Monday, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored risk appetite. ›

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