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Industry News from Energy Services

  • November 20th, 2023

Europe Gas Jumps After Seized Vessel in Red Sea Stirs War Fears

European natural gas prices jumped after a vessel seized in the Red Sea by Iran-backed Houthi rebels renewed concerns that the Israel-Hamas war could affect vital waterways for the fuel. ›

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  • November 20th, 2023

Oil extends gains on expectations of further OPEC+ supply cuts

Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. ›

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  • November 17th, 2023

Oil prices head for fourth straight week of declines as supply grows

Oil prices were little changed on Friday but on track for their fourth straight week of losses after tumbling about 5% to a four month-low on Thursday on worries over global demand. ›

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  • November 16th, 2023

Oil prices slip on US crude build, China demand worries

Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States met worries about lackluster energy demand from China. ›

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  • November 15th, 2023

European Gas Prices Edge Higher as Winter Risks Shift Into Focus

European natural gas advanced as traders weighed risks from potential supply disruptions on the region’s heating needs. ›

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  • November 15th, 2023

Oil gains on China economic data, strong demand forecast

Oil prices rose on Wednesday as China’s factory output and retail sales beat expectations, a day after the International Energy Agency (IEA) raised its oil demand growth forecast for this year. ›

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  • November 14th, 2023

Europe Gas Prices Fall on on Strong Supply

European natural gas eased on Tuesday with the market so brimming with supplies that even the potential shutdown of an LNG plant in Texas isn’t worrying traders for now. ›

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  • November 14th, 2023

Oil rises on healthy demand, supply expectations after OPEC report

Oil prices inched up on Tuesday on expectations of healthy market fundamentals, following an OPEC report saying demand remains strong, and concerns that supplies might be disrupted as the U.S. cracks down on Russian oil exports. ›

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  • November 13th, 2023

European Gas Prices Slide as Concerns About Israeli Output Ease

European natural gas futures headed for a second session of declines as concerns about fuel output from Israel eased and weather forecasts pointed to a mild week ahead. ›

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  • November 13th, 2023

Oil falls on weak demand outlook in US and China, Fed hedging

Oil prices fell on Monday, erasing gains from Friday as renewed concerns over waning demand in the United States and China, coupled with mixed signals from the U.S. Federal Reserve, dented market sentiment. ›

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