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Industry News from Energy Services

  • 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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  • September 6th, 2024

Europe Gas Extends Gains as Supply Worries Resurface From Egypt

European natural gas prices extended gains as signs of more intense competition for fuel emerged from Egypt. ›

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  • September 5th, 2024

European Gas Approaches Oversold Zone After Three-Day Selloff

European natural gas hovered near oversold territory following three days of declines, as worries about near-term supplies ease. ›

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  • September 5th, 2024

Oil prices edge up as OPEC+ may delay supply hike, US stockpiles fall

Oil prices edged up after plunging to multi-month lows previously as major producers may delay an output increase planned for next month and U.S. inventories fell, though the gains were limited by persistent demand concerns. ›

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  • September 4th, 2024

Oil extends drop on easing Libyan dispute, demand concerns

Oil prices fell on Wednesday, extending a plunge of more than 4% the previous day and hovering at their lowest since December, on expectations that a political dispute halting Libyan exports could be resolved and concerns over sluggish global demand. ›

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  • September 3rd, 2024

Oil prices fall as demand concerns overshadow Libyan export halt

Brent oil prices fell on Tuesday as sluggish economic growth in China, the world’s biggest crude importer, increased worries about demand that overshadowed the impact of the halt of production and exports from Libya. ›

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  • September 2nd, 2024

Oil extends losses on weak China data, prospect of higher OPEC+ supply

Oil prices extended losses on Monday on expectations for higher OPEC+ production starting in October and as signs of sluggish demand in China and the U.S., the world’s two largest oil consumers, raised concerns about future consumption growth. ›

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