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Industry News from Energy Services

  • July 26th, 2024

European Gas Rises as Supply Risks Outweigh Disappointing Demand

European natural gas prices rose, signaling the market balance remains fragile even as demand for the fuel is persistently weak. ›

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  • July 26th, 2024

Oil set for third weekly decline, pressured by Gaza ceasefire hopes

Oil prices were little changed on Friday but on track for a third consecutive weekly decline, pressured by muted demand in China and expectations of a Gaza ceasefire deal that could ease Middle East tensions and accompanying supply concerns. ›

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  • July 25th, 2024

Oil falls on weak China demand concerns, Mideast ceasefire talks

Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories. ›

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  • July 24th, 2024

Oil prices rise as US crude, fuel inventories seen shrinking

Oil prices rebounded on Wednesday, snapping three straight sessions of decline, as falling U.S. crude inventories and growing supply risks from wildfires in Canada boosted prices. ›

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  • July 23rd, 2024

Gas: Prices little changed on flat demand, Freeport LNG resumption

Dutch and British wholesale gas prices were little changed on Tuesday morning as demand was flat and the U.S. Freeport LNG export plant resumed shipments. ›

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  • July 23rd, 2024

Oil steadies, weighed down by predicted surplus amid weak demand

Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S. presidential campaign upheaval. ›

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  • July 22nd, 2024

Oil prices rise as investors look forward to U.S. rate cuts

Oil prices rose in Asia on Monday as investors watched for further signs that the U.S. might start to cut interest rates as soon as September. ›

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  • July 22nd, 2024

European Gas Falls to Lowest in a Week as Freeport LNG Restarts

European natural gas prices declined to the lowest level in a week as supply risks abated with the partial restart of the Freeport LNG plant in Texas. ›

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  • July 19th, 2024

Oil prices steady as US rate-cut hopes contend with economic slowdown signals

Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with rising expectations the Federal Reserve would soon cut interest rates. ›

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  • July 18th, 2024

Oil prices rise on bigger than expected drop in US crude stocks

Oil prices extended gains on Thursday, buoyed by a bigger than expected decline in crude stocks in the United States, the world’s largest oil consumer. ›

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