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Industry News from Energy Services

  • October 31st, 2024

Oil Drifts Near $69 With US Stockpile Drop, Middle East in Focus

Oil flipped between gains and losses after US crude inventories shrank, with the market monitoring the Middle East for any potential flare-up and equities showing a weaker tone. ›

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  • October 31st, 2024

European Gas Steadies as Traders Gauge Region’s Supply Balance

European natural gas prices steadied near €41 a megawatt-hour as traders assess mixed weather forecasts against persistently low demand for the fuel. ›

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  • October 29th, 2024

Oil Recovers After 6% Plunge as Focus Moves Back to Supply

Oil recovered after tumbling the most in more than two years on Monday, as the wipeout of a geopolitical premium in prices shifted traders’ gaze back to supplies and key upcoming events including the US election. ›

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  • October 29th, 2024

Bullish Bets on Europe Gas Options Signal Supply Worries Linger

Natural gas options are signaling European traders still see upside risk for prices, even after concerns linked to the Middle East have receded. ›

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  • October 28th, 2024

Europe Gas Slips as Israel Avoids Energy Targets in Iran Strike

European natural gas prices declined after Israeli strikes against targets in Iran avoided oil, nuclear and civilian infrastructure, signaling that supply risks linked to the Middle East conflict remain contained for now. ›

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  • October 28th, 2024

Oil Plunges as Israel Limits Iran Strike to Military Targets

Oil tumbled more than 6% at the start of the week after Israeli strikes against targets in Iran avoided the OPEC member’s crude facilities, raising the prospect for easing hostilities in the region. ›

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  • October 23rd, 2024

Oil slips on higher US crude stockpiles; market watches Middle East

Oil prices fell on Wednesday after industry data showed U.S. crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East after Israel continued attacks on Gaza and Lebanon. ›

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  • October 22nd, 2024

European Gas Steadies as Traders Eye Near-Term Geopolitics Risks

European natural gas prices fluctuated as traders remained fixated on near-term geopolitical risks in the Middle East which threaten to disrupt energy markets. ›

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  • October 22nd, 2024

Oil prices dip as Blinken arrives in Israel for talks, China demand weighs

Oil prices eased on Tuesday as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East and as slowing demand growth in China, the world’s top oil importer, continued to weigh on the market. ›

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  • October 21st, 2024

Europe Gas Edges Higher as Israel Prepares Response After Attack

European natural gas prices edged higher as Middle East tensions brought a fresh wave of volatility to the market. ›

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