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Industry News from Energy Services

  • April 15th, 2024

Oil prices fall after Iran attack as market draws down risk premium

Oil prices fell on Monday as market participants dialled back risk premiums following Iran’s weekend attack on Israel that the Israeli government said caused limited damage. ›

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  • April 12th, 2024

Oil rebounds on Mideast tensions but set for weekly loss

Oil prices rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though prices are set for weekly losses amid expectations of fewer U.S. interest rate cuts this year. ›

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  • April 11th, 2024

Oil prices edge up on escalation in Middle East tensions

Oil prices ticked up during trade on Thursday, after rising a dollar a barrel in the prior session, as investors braced for a worsening of the Middle East crisis, potentially involving Iran, the third-largest oil producer in OPEC. ›

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  • April 10th, 2024

European Gas Prices Through Next Year Rise on Persistent Risks

European natural gas edged higher, with the fuel expected to be more expensive through next winter amid persistent uncertainty about supply risks, including remaining flows from Russia. ›

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  • April 10th, 2024

Oil rises as Middle East worries offset US crude stock buildup

Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories. ›

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  • April 9th, 2024

Gas: Prices decline on strong wind, healthy import levels

Dutch and British wholesale gas prices declined on Tuesday morning on strong wind output and healthy import levels.

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  • April 9th, 2024

Oil prices turn higher as Middle East ceasefire hopes wane

Oil prices rose on Tuesday after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza amid concerns the lingering conflict could potentially disrupt supply from the key Middle East producing region. ›

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  • April 8th, 2024

Gas: Prices mostly flat amid mixed weather forecasts, balanced market

Dutch and British wholesale gas prices were little changed on Monday morning, with lower Norwegian flows and mixed weather forecasts offset by a generally comfortable supply level and a slide in oil prices. ›

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  • April 8th, 2024

Oil slides more than 1% as Middle East tensions ease

Oil prices slid more than $1 a barrel on Monday, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza and committed to fresh talks on a potential ceasefire in the six-month conflict. ›

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  • April 5th, 2024

Oil heads for second weekly gain on geopolitical tension, supply concerns

Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns over tightening supply and optimism about global fuel demand growth as economies improve. ›

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