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Industry News from Energy Services

  • July 9th, 2024

Oil prices hold steady as concerns over hurricane damage ease

Oil prices were little changed on Tuesday after a hurricane that hit a key U.S. oil-producing hub in Texas caused less damage than markets had expected, easing concerns over supply disruption. ›

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  • July 8th, 2024

European Gas Prices Rise as Hurricane Beryl Heads Toward Texas

European natural gas prices edged higher as traders assessed supply risks amid hot weather in parts of Asia and a hurricane approaching key fuel supplier Texas. ›

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  • July 8th, 2024

Oil slips as Gaza talks ease supply disruption woes; Hurricane Beryl in focus

Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased geopolitical tensions in the Middle East, while investors assessed potential disruption to U.S. energy supplies from Tropical Storm Beryl. ›

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  • July 5th, 2024

Gas: Wholesale prices flat in balanced market

Dutch and British wholesale gas prices on Friday morning were largely flat with a small rise in demand balanced by Norwegian gas flows, though uncertainty over supplies later in the year offered some support. ›

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  • July 4th, 2024

Oil drops on worries about demand, slowing US economy

Oil prices fell on Thursday, with investors turning cautious on expectations of lower demand as U.S. employment and business data came in weaker than forecast, signalling the economy of the world’s top oil consumer may be cooling. ›

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  • July 3rd, 2024

Oil prices steady after large draw from US crude inventories

Oil prices steadied on Wednesday after trading higher on a bigger than expected drawdown in U.S. crude stockpiles while economic headwinds from China and the euro zone capped gains. ›

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  • July 2nd, 2024

Gas: Prices tread water in lacklustre market

Dutch and British wholesale gas prices were little changed on Tuesday amid tepid demand, stable supply of pipeline and liquefied natural gas (LNG) and plentiful storage levels. ›

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  • July 2nd, 2024

Oil trades near two-month high on summer demand outlook, possible rate cut

Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth. ›

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  • July 1st, 2024

Gas: Prices edge higher on cooler weather and Asia LNG competition

Dutch and British wholesale gas prices edged higher on Monday, supported by expectations of cooler temperatures in Europe and strong competition with Asia for cargoes of liquefied natural gas (LNG). ›

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  • July 1st, 2024

Oil prices climb on summer demand optimism

Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. ›

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