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Industry News from Energy Services

  • September 30th, 2024

Oil prices climb on fears of Middle East conflict escalation

Oil prices rose for a second consecutive session on Monday, with concerns escalating over potential supply disruptions in the Middle East after Israel stepped up attacks on Palestianian militant group Hamas and Iranian-backed forces in the region. ›

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  • September 27th, 2024

Oil steady but on track for weekly drop on firmer supply outlook

Oil prices held on Friday but remained on track for a weekly fall as investors weighed expectations for increased output from Libya and the broader OPEC+ group against fresh stimulus from top importer China. ›

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  • September 26th, 2024

Oil prices fall over 2% on prospects Saudi Arabia to raise output

Oil prices slumped on Thursday, reversing earlier gains, on news Saudi Arabia, the world’s biggest crude exporter, will give up on its price target in preparation for raising output. ›

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  • September 25th, 2024

Oil dips on worries China stimulus plans not enough to boost demand

Oil prices fell on Wednesday as investors reassessed the ability of China’s stimulus plans to boost the economy enough to drive more fuel demand growth in the world’s largest crude importer. ›

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  • September 24th, 2024

Oil prices climb on fresh China stimulus, Middle East tensions

Oil prices rose on Tuesday on news of monetary stimulus from top importer China and concerns that tensions in the Middle East could hit regional supply, while a major hurricane loomed over the United States, the world’s biggest crude producer. ›

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  • September 23rd, 2024

European Gas Prices Advance on Supply Risks, Colder Weather

European natural gas prices rose on geopolitical risks to supply and a forecast for colder weather ahead of the heating season. ›

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  • September 23rd, 2024

Oil edges higher US interest rate cut counters weak demand

Oil prices rose slightly on Monday after last week’s cut to U.S. interest rates and a dip in U.S. crude supply in the aftermath of Hurricane Francine countered weaker demand from top oil importer China. ›

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  • September 20th, 2024

European Gas Extends Weekly Declines on Winter Supply Optimism

European natural gas prices are set for a third weekly decline on mounting confidence that the region will have sufficient winter supplies. ›

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  • September 20th, 2024

Oil prices set to end week higher after US rate cut

Oil prices, which eased slightly on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. ›

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  • September 19th, 2024

Oil prices rise after US interest rate cut

Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but Brent was still hovering around its lowest levels of the year, below $75, on expectations of weaker global demand. ›

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