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Industry News from Energy Services

  • January 10th, 2024

European Gas Rises as Red Sea Attack Highlights Shipping Risk

European natural gas prices rebounded after a two-day slide as more attacks on vessels in the Red Sea raised the risk of prolonged disruptions to a key shipping route. ›

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  • January 10th, 2024

Oil climbs a second day after US crude inventories draw down

Oil rose for a second day on Wednesday after an industry report showed a bigger-than-expected drawdown of crude inventories in the United States, the world’s biggest oil consumer, that bolstered demand sentiment. ›

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  • January 9th, 2024

Gas: Prices continue to slide on strong supply, storage levels

Dutch and British wholesale gas prices continued to slide downwards on Tuesday morning as strong supply and storage levels offset higher demand. ›

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  • January 9th, 2024

Oil tries to regain footing as Middle East crisis, OPEC supply in focus

Oil prices steadied on Tuesday after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC supply. ›

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  • January 8th, 2024

Oil down more than 1% as Saudi price cuts offset Mid-East worries

Oil prices fell by more than 1% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tension in the Middle East. ›

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  • January 5th, 2024

Oil prices higher on Fed comments on inflation, Middle East tensions

Oil prices edged higher on Friday after minutes from a Federal Reserve meeting suggested inflation was under control and as U.S. Secretary of State Antony Blinken prepared to visit the Middle East to try and prevent the Israel-Gaza conflict from widening. ›

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  • January 4th, 2024

Europe Gas Extends Gain With Cold Snap, Mideast Risks in Focus

European natural gas futures rose for a second day as a cold snap is poised to sweep in from the north and the recent flare-up of tensions in the Middle East is stoking concern over supplies. ›

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  • January 4th, 2024

Oil extends gains on Middle East supply worries

Oil prices rose on Thursday, adding to solid gains in the previous session on persisting concerns over Middle Eastern supply following disruptions at a field in Libya and heightened tensions around Israel-Gaza war. ›

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  • January 3rd, 2024

European Gas Prices Edge Higher as Outlook for Cold Snap Deepens

European natural gas prices edged higher as the intensity of a looming cold snap deepened, lifting demand for the heating fuel. ›

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  • January 3rd, 2024

US was top LNG exporter in 2023 as hit record levels

U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023. ›

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