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Industry News from Energy Services

  • August 21st, 2024

Europe Gas Storage Hits 90% Marker With Prices Near Two-Week Low

Europe’s natural gas reserves are almost full, helping to cap a recent price rally driven by concerns over supply risks. ›

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  • August 21st, 2024

Oil prices catch breath after days of losses

LONDON, Aug 21 (Reuters) – Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and diminishing concerns about conflict spreading in the Middle East. ›

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  • August 20th, 2024

Oil prices edge down on easing geopolitical risks, weak China demand

Oil prices edged lower on Tuesday as Israel accepting a proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supply concerns and China’s economic weakness weighed on the demand outlook. ›

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  • August 19th, 2024

European Gas Slides as Strong Flows and Inventories Ease Risks

European natural gas prices declined as Russian fuel keeps flowing via Ukraine and more alternative supplies arrive on the continent. ›

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  • August 19th, 2024

Oil prices fall on China demand fears, focus on Mideast talks

Oil prices eased in trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focused on the progress of ceasefire talks in the Middle East, which could reduce supply risks. ›

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  • August 16th, 2024

Oil prices set to end week higher on US demand optimism

Oil prices were set for a second straight week of gains despite edging lower on Friday, as recent U.S. economic data boosted optimism about demand from the world’s top oil consumer. ›

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  • August 15th, 2024

Gas: Prices steady as plentiful storage offsets supply risks

Dutch and British gas wholesale prices were largely flat but still near eight-month highs as well-filled storages balanced concerns over potential supply disruptions ahead of the winter season. ›

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  • August 15th, 2024

Oil prices up on hopes of US rate cuts boosting fuel demand

Oil prices rose on Thursday, supported by optimism that potential U.S. interest rate cuts will boost economic activity and fuel consumption though concerns over slower global demand curbed gains. ›

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  • August 14th, 2024

Oil gains on Middle East war concerns, US crude stockpile drop

Oil prices climbed on Wednesday after an industry report showed U.S. crude and gasoline inventories fell and as the market watched for a possible widening of the Israel-Gaza war, which may impact global oil supplies. ›

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  • August 13th, 2024

European Gas Prices Fall as Russia Flows Take Steam Out of Rally

European natural gas prices declined for a second day on signs that Russian gas will continue flowing across Ukraine for now, slowing a rush toward bullish bets. ›

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