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Industry News from Energy Services

  • April 4th, 2024

Oil inches up on concerns of lower supply, signs of U.S. economic growth

Oil prices rose slightly on Thursday on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the U.S., the world’s biggest oil consumer. ›

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  • April 3rd, 2024

Oil extends gains as geopolitical supply risks intensify

Oil prices extended gains on Wednesday as investors eyed concerns around crude and fuel supplies, following Ukrainian attacks on Russian refineries and the potential for a widening of the Israel-Hamas war to more directly include Iran. ›

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  • April 2nd, 2024

Oil gains on expectations for higher demand and as Middle East concerns rise

Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the U.S., the world’s biggest oil consuming nations, and growing concerns of a widening conflict in the Middle East that could affect supply from region. ›

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