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Industry News from Energy Services

  • August 30th, 2024

Oil prices gain on Middle East supply concerns

Oil prices rose on Friday as investors weighed supply concerns in Libya and Iraq, although signs of weakened demand, particularly in China, limited gains. ›

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  • August 29th, 2024

Gas: Prices edge higher as Norwegian maintenance curbs supply

Dutch and British wholesale gas prices edged higher on Thursday morning as annual maintenance at several Norwegian gas infrastructure sites curbed supply. ›

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  • August 29th, 2024

Kremlin says Europe will pay more unless Ukraine extends gas transit deal

European consumers will face higher prices unless Kyiv agrees to extend a deal on Russian gas transit via Ukraine once it expires on Dec. 31, the Kremlin said on Wednesday. ›

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  • August 29th, 2024

Oil edges up as Libyan supply woes offset lower-than-expected U.S. stock draw

Oil prices edged up on Thursday after two sessions of losses, as supply concerns over Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. ›

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  • August 29th, 2024

European Gas Traders More Worried Over Current Risks Than Winter

Europe’s natural gas traders are more concerned about the immediate risks to supplies than whether the region will have enough fuel to get through the winter months. ›

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  • August 28th, 2024

Gas: Prices rise on Norwegian maintenance, geopolitical concerns

Dutch and British wholesale gas prices continued their upwards trend on Wednesday morning, as Norway’s annual maintenance starts this week, while the market remains on edge over the impact on supply of the Ukraine-Russia conflict. ›

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  • August 28th, 2024

Oil steady after recent losses on demand concerns

Oil was little changed on Wednesday after a sharp drop in the previous session ended a three-day streak of gains, amid persistent concerns over potential supply losses from the Middle East and North Africa as well as global fuel demand worries. ›

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  • August 27th, 2024

Oil slips after surge on Libyan outages and Middle East risk

Oil prices slipped slightly on Tuesday after rebounding more than 7% over the previous three sessions on supply concerns prompted by fears of widening Middle East conflict and potential shutdown of Libyan oil fields. ›

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  • August 27th, 2024

Gas: Prices rise amid geopolitical concerns, cooler weather forecasts

Dutch and British wholesale gas prices rose on Tuesday on geopolitical concerns and forecasts for lower temperatures but strong storage inventories helped limit the upside. ›

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  • August 23rd, 2024

Oil Heads for Weekly Decline on Demand Concerns and Gaza Talks

Oil headed for a weekly loss — after hitting the lowest close since January midweek — on a challenging demand outlook, sinking product prices, and US efforts to secure a cease-fire in Gaza. ›

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