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Industry News from Energy Services

  • November 10th, 2023

Oil set for third weekly decline as Middle East conflict concerns ebb

Oil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed, allowing demand worries to reassert themselves. ›

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  • November 9th, 2023

Oil edges up; markets shrug off China inflation data, eye fresh drivers

Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world’s two biggest oil consumers. ›

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  • November 8th, 2023

Oil prices sputter near 3-month lows as demand concerns mount

Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous session, weighed down by concerns over waning demand in the world’s top oil consumers, the United States and China. ›

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  • November 7th, 2023

Oil falls 1% as mixed China trade data offset supply cuts

Oil prices slipped by 1% on Tuesday, erasing most of Monday’s gains, as mixed economic data from the world’s second largest oil consumer China and winter demand worries offset the impact of Saudi Arabia and Russia extending output cuts. ›

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  • November 6th, 2023

Oil Advances After Saudi Arabia and Russia Reaffirm Supply Cuts

Oil advanced after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through year-end. ›

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  • November 6th, 2023

European gas prices fall as supply disruptions ease

European natural gas prices have fallen for three straight weeks as concerns ease about supply being affected by the Israel-Gaza war. ›

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  • November 3rd, 2023

Europe Gas Swings as Market Weighs Supply Risks and Tepid Demand

European natural gas prices swung between small gains and losses, as the market took stock of abundant inventories and mild weather in the face of continuing supply risks. ›

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  • November 3rd, 2023

Oil Heads for Weekly Drop on New Demand Woes, War’s Containment

Oil headed for a second weekly loss after the risk premium from the Israel-Hamas vanished, bringing signs of soft demand to the fore. ›

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  • November 2nd, 2023

European Gas Fluctuates on Uncertainty Over Demand and War Risks

European natural gas futures swung between small gains and losses early Thursday amid lingering concerns about the Middle East conflict and relatively muted demand prospects for the region. ›

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  • November 2nd, 2023

Oil Advances With Broader Markets on Fed Interest-Rate Signal

Oil rose along with broader financial markets after the Federal Reserve hinted it might be done with raising interest rates, buoying a shaky demand outlook. ›

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