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Industry News from Energy Services

  • October 16th, 2024

European Gas Prices Edge Higher as LNG Demand Picks Up

European natural gas prices moved higher as demand for seaborne fuel picks up following a drop earlier this year. ›

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  • October 16th, 2024

Oil steadies after sharp fall, Middle East uncertainty persists

Oil prices inched higher on Wednesday amid uncertainty over what may happen next in the Middle East conflict, after demand concerns knocked the market to its lowest since early October in the previous session. ›

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  • October 15th, 2024

European Gas Prices Follow Oil Lower as Israel Weighs US Warning

European natural gas prices slumped after a report that Israel is willing to avoid striking oil and nuclear targets when it retaliates against Iran for a recent attack. ›

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  • October 15th, 2024

Oil falls as demand outlook weakens, Iran supply disruption concerns ease

Oil prices slid as much as $3 to a near two-week low during Asian trade on Tuesday on the back of a weaker demand outlook and after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply disruption. ›

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  • October 14th, 2024

Oil prices erase nearly all of last week’s gains on China demand woes

Oil prices on Monday wiped out nearly all gains made last week after data showed China’s inflation rate declined and a lack of clarity on the country’s economic stimulus plans stoked fears about fuel demand in the world’s biggest crude importer. ›

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  • October 11th, 2024

Oil retreats, but heads for weekly climb on potential Mideast supply disruption

Oil retreated on Friday after settling higher the previous day, but prices remained set for a second weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. ›

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  • October 10th, 2024

Oil prices rise on US storm, fears of Israel-Iran conflict

Oil prices rose on Thursday underpinned by a spike in fuel demand as a major storm barrelled into Florida and concerns about potential supply disruptions in the Middle East amid heightened tensions between Israel and major oil producer Iran. ›

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  • October 9th, 2024

Oil prices edge up after sliding on potential Israel-Hezbollah ceasefire

Oil prices edged up on Wednesday as developments in the Middle East took centre stage against cautious demand expectations and ahead of a government meeting on China’s fiscal policy. ›

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  • October 8th, 2024

Oil retreats as investors pare bets on Middle East war risk after sharp rally

Oil prices declined on Tuesday with concerns over potential oil supply disruption easing as the market still awaits an Israeli response to the Iranian rocket attacks last week which triggered the crude price rally. ›

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  • October 7th, 2024

Oil prices dip after strongest weekly rise in over one year

Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply concerns amid softer demand countered the worries over a wider Middle East conflict disrupting exports in the key oil-producing region. ›

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