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Industry News from Energy Services

  • September 16th, 2024

Oil prices climb on Fed rate cut outlook

Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by persistent demand worries and weaker China data. ›

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  • September 13th, 2024

Oil prices extend recovery from multi-year lows

Oil prices extended their rally on Friday and were on course for a weekly gain, sparked by output disruption in the U.S. Gulf of Mexico after Hurricane Francine forced the evacuation of production platforms. ›

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  • September 12th, 2024

European Gas Slides as Ukraine Transit Worries Ease for Now

European natural gas prices declined on Thursday after Russian fuel transiting Ukraine was set to flow at normal levels, easing worries about a possible drop in supply. ›

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  • September 12th, 2024

Oil prices up over 1% on US hurricane impact concerns

Oil prices rose more than 1% on Thursday, spurred by concerns of Hurricane Francine impacting output in the U.S., the world’s biggest crude producer, though worries of lower demand capped gains. ›

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  • September 11th, 2024

European Gas Prices Fluctuate as Market Awaits Francine Impact

European natural gas prices swung between small gains and losses as the market awaits the impact of Hurricane Francine, which is expected to make landfall in Louisiana Wednesday. ›

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  • September 11th, 2024

Oil prices recover on hurricane supply disruption fears

Oil prices climbed more than 1% on Wednesday, paring some of the previous day’s losses, as concerns about Hurricane Francine disrupting output in the United States, the world’s biggest producer, outweighed worries about weak global demand. ›

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  • September 10th, 2024

Oil prices dip as weak China demand offsets US supply disruptions from storm

Oil prices edged down on Tuesday as weak Chinese demand offset U.S. supply disruptions from Tropical Storm Francine and as global oil oversupply risks continued to weigh on the market. ›

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  • September 10th, 2024

European Gas Prices Push Higher as Cold Snap Takes Hold

European natural gas prices edged higher as the season’s first cold snap takes hold, potentially raising demand ahead of the official start of the heating season. ›

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  • September 9th, 2024

Oil prices jump on Gulf Coast storm, post selloff recovery

Oil futures jumped in Asian trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected U.S. jobs data on Friday. ›

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  • September 6th, 2024

Oil prices hold at 14-month low as demand worries offset big US storage withdrawal

Oil prices held at a 14-month low on Thursday as worries about demand in the U.S. and China and a likely rise in supplies out of Libya offset a big withdrawal from U.S. inventories and a delay to output increases by OPEC+ producers. ›

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