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Industry News from Energy Services

  • January 31st, 2024

Middle East Tensions Drive European Gas Higher

European natural gas futures surpassed €30 a megawatt-hour for the first time in two weeks as tensions escalated in the Middle East. ›

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  • January 31st, 2024

Oil falls on weak China data but set for first monthly gain since Sept

Oil prices fell on Wednesday as lacklustre economic activity in China, the world’s biggest crude importer, weighed on sentiment, but prices were set for their first monthly gain since September as broadening Middle East conflicts raised supply concerns. ›

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  • January 30th, 2024

Oil inches up on Middle East concerns; China worries limit gains

Oil prices gained on Tuesday following a more than 1% drop the previous session as escalating geopolitical tensions in major producing region the Middle East fuelled supply concerns. ›

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  • January 29th, 2024

Oil climbs on escalating tensions in Middle East

Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red Sea, hitting a Trafigura-operated fuel tanker. ›

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  • January 26th, 2024

Oil set for weekly gain on U.S. economic growth, Mideast supply concerns

Oil prices eased on Friday but were set for their biggest weekly gain since October as positive U.S. economic growth and signs of Chinese stimulus boosted fuel demand sentiment. ›

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  • January 25th, 2024

Gas: Prices mixed on milder weather, LNG supply concerns

Dutch and British wholesale gas prices were mixed on Thursday morning amid concerns over delayed shipments of liquefied natural gas (LNG), but strong inventories, milder weather and softer demand limited the upside. ›

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  • January 25th, 2024

Oil rises on US crude stock draw, China stimulus hopes

Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank’s cut in banks’ reserve ratio reinforced hopes of more stimulus measures and economic recovery. ›

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  • January 23rd, 2024

Oil steadies on mixed supply cues, cautious outlook on China

Oil prices were little changed on Tuesday as traders weighed a host of conflicting supply and demand worries, from rising tensions in the Middle East to cold weather woes disrupting production in the United States. ›

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  • January 22nd, 2024

Gas: Prices fall on milder, windier weather

Dutch and British wholesale gas prices fell on Monday morning amid milder temperatures and stronger wind speeds. ›

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  • January 22nd, 2024

Oil down as economic headwinds weigh on demand outlook

Oil prices lost more ground on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. ›

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